Harriet Johnson Brackey
Personal finance

June 26, 2006

Latoya Gibson thought debt collectors were never again going to bother her, after she went through bankruptcy several years ago.

But the 30-year-old Fort Lauderdale public housing counselor had the kind of debt that never dies. It just keeps popping back up on your credit report.

Zombie debt, some call it. It happens when your credit-card company sells off its bad debts. The buyer pays pennies for every dollar you owe and ...   more »