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Home / News Stories / Debt buyer settles, but ‘zombie debt’ business is still alive (access required)

Debt buyer settles, but ‘zombie debt’ business is still alive (access required)

A Virginia-based consumer debt buyer has agreed to pay $300,000 and abandon millions of dollars of court judgments against debtors in New York to settle claims of improper debt collection actions in that state. The settlement, involving Norfolk’s Portfolio Recovery Associates Inc. and another major purchased-debt firm, is among recent developments indicating that, despite legal challenges ...

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