RE: Credit Score
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Zombie debt laws vary state by state. Here in Minnesota it’s six years and then creditors can no longer try to collect on debt. Most creditors give up trying long before that and just write it off as a loss. One exception is Target, those suckers are tenacious.
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In Venezuela something like this happened but with inflation, since my parents had asked for a credit to the bank of $1200 (which was a lot) but the bank granted it in bolivar, and in just one year the inflation made the Venezuelan currency the bolivar, cost 6BS/$1 to 1000BS/$1 which made that with the work of a day they paid the debt of the bank hahaha.
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