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Melon

(1,197 posts)

11. I understand the concept, my issue I guess

Reply to question everything (Reply #6)

Fri Feb 6, 2026, 05:43 PM

Friday

Is that the debt was real. It was agreed to by the person. Then they walked away from it. Technically they should have had a legal judgement against them and the debt is still there. At the end of the day, it’s their debt. Maybe they can get out of it due to the time or negotiate it down, but legit it’s their debt until they settle it somehow.

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11 replies

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Highlight:

How 'zombie mortgages' are coming back to haunt homeowners years later - PBS NewsHour [View all] question everything Feb 5 OP

And a similar story from NPR question everything Feb 5 #1

There are statute of limitations on pretty much every crime except murder, and civil suits as well RockCreek Friday #4

The clock starts over if the debtor acknowledges the debt with a collector. Hugin Friday #7

Really useful info, thank you. RockCreek Friday #8

The Consumer Financial Protection Bureau (CFPB) that has always had the Republicans... Hugin Friday #9

It feels like the Republican's point is inflicting pain RockCreek Friday #10

Maybe Timewas Feb 5 #2

Unfortunately... falling off the credit report doesn't mean the debt is gone FBaggins Feb 5 #3

To be honest, I've never heard of a debt that large just disappearing because you didn't pay it Melon Friday #5

They were told by the lenders that the debts were eliminated question everything Friday #6

I understand the concept, my issue I guess Melon Friday #11