Credit card debt and brain tumor?

Question

My friend has just been diagnosed with a brain tumor and has accumulated a lot of credit card debt as she cannot work and has children, (her husband died several years ago). What will happen if she contacts the credit card companies and asks if they can help? Will they lower the balances? There is no way of knowing whether she will be able to pay them at this time.
Will this information about her health get into her credit report if she tells them?

Answer 1

Credit card companies cannot place info about her health on her credit reports.

The credit card companies "might" help by reducing the current interest rate and working out a repayment plan with her.

When that happens she will no longer be able to charge on the cards until her financial situation improves
They will probably either block her accounts or close them

It's doubtful that they will reduce the amount of the debt owed.
Though they may reduce the amount of interest that she currently owes
Much depends on how willing they are to help.

If it comes down to taking care of the kids, putting food on the table, making the house and utility payments etc, paying for medical treatments/prescriptions versus paying on credit cards - just my opinion with this situation, the credit cards should be on the bottom of the list.
She should really sit down with a lawyer that is well versed in federal and her state credit laws. Many lawyers will give a free first consult.

I wish good luck to your friend and that her medical condition improves.

(disclaimer, especially to those who are quick to call others dead beats - no I'm not an advocate of ignoring bills when the situation does not warrant it, I mentioned putting the credit card bills at the bottom of the list because in "this" case I feel it may warrant it)

Answer 2

you have extra advantageous than in simple terms credit enjoying cards to fret approximately. His sources could be probated and settled. you won't have the ability to conclusion activity fees from accruing till the money owed are paid. First step is to open probate for his sources and have an executor duly appointed. handling those costs is the executor's responsbility.