Zombie Debt: A debt that has been legally considered to be uncollectable or discharged due to its age. These debts “come back to life” after creditors attempt to collect on them again, forcing the debtor to pay up or face consequences. This type of debt is particularly dangerous for consumers who may not be aware that they are still legally responsible for it years after its expiration date, leaving them open to accrual of fees and interest. It’s important to know the status of any debt you have so you don’t become a victim of zombie debt!