2007-01-18 12:05:15 · 7 answers · asked by Stephen B 1 in Business & Finance ➔ Credit
I do.
I am one of those dead-person-credit-card-balance-paying vigilantes about whom you read I the paper.
2007-01-18 12:45:22 · answer #1 · answered by roland_reardon 2 · 1⤊ 0⤋
Assuming your name is the only one on the card agreement, any balance above the assets you leave behind dies with you. If you gave anything any shortly before death, creditors can ask the court to take it back to cover your debts.
2007-01-18 20:40:04 · answer #2 · answered by STEVEN F 7 · 1⤊ 0⤋
Ditto, your estate pays your credit card balances even before your beneficiaries/heirs get a claim to your estate.
2007-01-18 20:12:56 · answer #3 · answered by Muga Wa Kabbz 5 · 1⤊ 0⤋
Any debts you have outstanding at the time of your death are normally settled using any assets you might have. This is one reason to have at least a modest life insurance policy - so that your loved ones are not burdened by your liabilities.
2007-01-18 21:04:47 · answer #4 · answered by sankayak 3 · 1⤊ 0⤋
whom ever your assets will go to. They become responsible for your debts, even if your assets don't cover all cost. They will start to try to collect as if they were that person's bills
2007-01-18 21:39:24 · answer #5 · answered by Joy 1 · 0⤊ 0⤋
Your estate, if you have one.
2007-01-18 20:09:10 · answer #6 · answered by ? 3 · 1⤊ 0⤋
They'll hound your spouse even though its illegal.
2007-01-18 20:13:06 · answer #7 · answered by robert m 7 · 1⤊ 1⤋