What would happen to all my credit card if I died?

Question

I have $8,000 on my credit card, what would happen if I died, obviously I can pay my bill if I'm dead and its not like they could make my parents or anyone else pay it off, if its not in their name. What do they do. Do they just suck it up?

Answer 1

After you die, all your property is considered your estate. During the process of probate (determining who gets your property), creditors can file claims against your estate, if they choose to do so. Their claims are then satisfied by selling some or all of your property. If there is money or property left over, it is left to others according to your will (or intestate succession if you have no will).

Creditors must be properly noticed of your death. They have a limited time in which to file claims, or be forever barred from doing so. By following the rules, your executor can ensure that your beneficiaries are protected under the law.

If the rules aren't followed, and creditors aren't given a fair chance to file claims, it's possible that people who received property from your estate could be liable to creditors for the value of that property, depending on state law.

Answer 2

right it is a tip: the subsequent time they call, tell them you're attentive to the concern, you've already spoken to someone there, and also you want the calls to renounce in the present day. be constructive to inform them in the journey that they proceed to call you on a on a daily basis foundation, you'll call your criminal specialist and sue them for violation of the honest Debt series Act. once you placed them on word that you're attentive to the concern and also you're dealing with it, they couldn't proceed to call YOU. it truly is harassment and this is unlawful. to respond to your question: they could call for fee out of your living house. it is the way it fairly works: at the same time as someone dies, the valuables is dealt with by using a probate decide. each state is different, although the executor of the valuables is had to promote in a community newspaper for a particular era of time that asserts adverse to the valuables are being customary. Your lenders then have a particular era of time (commonly six months) to report a declare adverse to the valuables. Any claims that are filed well timed must be paid out of the valuables -- if there is adequate money in the valuables -- before the different funds may be made. If there is not any longer adequate money in the valuables to pay each of the claims, the probate decide comes to a call who receives paid and how a lot. If no claims are filed well timed, or if there is money left over inspite of each thing the claims are settled, some thing of the valuables is dispensed in accordance consisting of your very last will and testomony. Does that help?

Answer 3

Yes, they write it off.
Since a financial debt is a legal contract between you and the lender, they cannot legally bind somebody outside the contract to pay.
If you die and leave assets to an estate, they can make a claim against the estate.
But if you leave assets to others, the lender can not seek repayment from anyone other than your estate.

Answer 4

Don't fake your own death. Being dead is inconvenient for a lot of things.

Answer 5

I think they will burned it together your identity as no one carries any cards elsewhere other then in this world.

Answer 6

I would think they would try to go after your estate if you have life insurance or other possessions.

Answer 7

They would enter your death certificate # and delete your accounts

Answer 8

the company would count it as loss.

Answer 9

mail them to me wen u r ready to die so i can finish t he money in ur account

Answer 10

your intrest rate would go up....again! lol