‘Zombie debt collectors‘ are buying your old mistakes.
And even prosecuting you for the ones you didn’t commit. “Sleazy New Debt-collector Tactics” [MSN Money]
Some of them will sucker you in with low monthly payments, even though the statute of limitations has expired. Making these payments only reactivates the debt as current and then they’ve got you by the gills.
Read the articles for the scoop and how to fight back with more subtle and effective tactics than fire or head chopping. (Thanks to Sara!)