For many older adults, financial wisdom didn’t come from classrooms or dinner table conversations but from years of experience, mistakes and hard-won lessons. Now, Washington residents Verlincia Roach, 62, and Carol Fillmore, 79, are sharing what they wish they had known about saving, spending and building financial stability in hopes younger generations can avoid the same missteps.
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Rising from the Dead: Understanding Zombie Debt
Photo: Anna Tolipova via 123RF Zombie debt is a term that describes old debts that have been written off or deemed uncollectible by the original creditor. This usually happens when zero payments have been received for a specific period, typically six months or more, and the creditor has exhausted all efforts to collect the debt. […]