Americans are very much fascinated with the idea of zombies.
Los Angeles-Long Beach, CA (PRWEB) November 25, 2014
National Debt Relief recently shared in an article published November 21, 2014 how consumers are dealing with zombie debts. The article titled “Are You Being Stalked By Zombie Debts?” looks into how lenders and debt collectors are still collecting on debts that has already been discharged in bankruptcy.
The article starts off by explaining how Americans are very much fascinated with the idea of zombies. As evidence of this two of the most popular programs on television are The Walking Dead and Z Nation. There are also Shaun Of The Dead, Zombieland, 28 Days Later and Army of Darkness. These are fun films and programs because they allow people to experience horror vicariously without having to risk their own lives.
But consumers are dealing with a real-life zombie in their finances. Zombie debts are all too real and are wreaking havoc in the finances and specifically the credit scores of consumers. These debts are called such because the debts are supposed to discharged in bankruptcy but are still haunting the finances of a consumers.
One reason for this is that some of the country’s largest banks are ignoring bankruptcy court discharges or at least that’s what federal and state officials suspect. This is because, although debts that have been discharged in bankruptcy are supposed to be void, some banks are apparently keeping them alive and eventually forcing people to make payments on debts that they do not legally owe.
The way that its supposed to work is that when a borrower has a debt discharged in bankruptcy, the creditor is required to update its credit reports to show that the debt is no longer owed but this is not happening. What the bankruptcy judges suspect is that these are not clerical errors because the banks are refusing to fix the mistakes unless the borrowers pay the “zombie” or discharged debts.
To read the article, click this link: http://www.nationaldebtrelief.com/stalked-zombie-debts-even-bankruptcy/