Just curious.
2007-02-18 03:20:09 · 9 answers · asked by Triple Nipple 1 in Business & Finance ➔ Credit
Like just about everything it all depends. If you have money or property in your name that becomes part of your estate, it can be used to pay the crddit card provided that thee amount in your estate is suffiicient after payment of other claims with more priorority. If there is no such property, there will never be any payment. Your children, spouse, etc. are not personally responsible for payment of your credit card debtg. Howevever they will not inherit from your probate estate until it is fully paid.
2007-02-18 03:39:36 · answer #1 · answered by Steven F 1 · 1⤊ 0⤋
If there is a joint owner on the account, they'll be liable for the outstanding amount. If you are the sole owner of the account, your estate is responsible for the debt. If your estate has no assets, the creditor eats the loss.
2007-02-18 03:55:23 · answer #2 · answered by Bostonian In MO 7 · 1⤊ 0⤋
You go to heaven regretting you didn't buy that flash car with it.
The balance is taken out of your estate,if you dont have anything at all then too bad for the credit card company.
2007-02-18 03:26:49 · answer #3 · answered by wheeliemad 3 · 2⤊ 0⤋
If your credit card amounts are less than half the max limit, St. Peter lets you in the Pearly Gates. If you are over half your limit, it is Purgatory. One year for each dollar over the one-half amount. If you are maxed on all of your cards, well, let's just say, the Devil's in the Details......
2007-02-18 10:12:37 · answer #4 · answered by nebula7693 4 · 1⤊ 0⤋
Any assets you have will be sold off to pay off the remaining debt.
2007-02-18 03:27:40 · answer #5 · answered by lynda_is 6 · 1⤊ 0⤋
The debt will be settled with your estate. Anything you have of worth will be used to settle any outstanding debts.
2007-02-18 03:27:26 · answer #6 · answered by Anonymous · 2⤊ 0⤋
then your credit card debt will go to your family members
which i think is soo selfish
2007-02-18 03:27:56 · answer #7 · answered by SassyGirlyGirl 2 · 0⤊ 2⤋
They cannot collect from a dead person. However, if they feel is worth it, they may try to sue your estate.
2007-02-18 03:32:45 · answer #8 · answered by Ti 7 · 1⤊ 0⤋
i think your family has to pay
2007-02-18 03:27:22 · answer #9 · answered by hotnspike 2 · 0⤊ 4⤋