2007-09-22 16:36:22 · 9 answers · asked by AJ CruZ 1 in Business & Finance ➔ Credit
ok. let me add more to the question. There is no estate to take from.
2007-09-22 16:49:07 · update #1
and the question pretains to my grandfather, not to me. He is the one asking.
2007-09-22 16:49:44 · update #2
If there is no estate, the companies will write it off. They will however try to get the family members to pay it. I had to talk to a lawyer to get a cease and disist letter written to make them leave me alone after my mother passed away. They were being very aggressive, and threatening to take me to court to have my wages garnished.
2007-09-22 18:20:42 · answer #1 · answered by sbyldy 5 · 2⤊ 0⤋
If there is no estate to collect....or if there was one but the card issuing bank finds out after the funds were distributed, then the bank "eats" the debt (cannot collect and it is charged off).
If there was a joint cardmember on the account, that person would be liable for the debt in the event the primary died.
2007-09-22 17:28:39 · answer #2 · answered by Ginger 6 · 0⤊ 0⤋
The credit card company tries to collect it from the estate. Believe it or not, when you die, your debtors can put a lean on your estate until they get their portion.
2007-09-22 16:42:08 · answer #3 · answered by peaceablefruit206 7 · 3⤊ 0⤋
recently my family went thru this.my sister in law passed away and left credit card debt.your next of kin,in her case her daughter,had to pay off all her credit card debt along with the last utility bills you leave behind.people on here need to check more into it .i have answered this before and was told i was wrong.but im not.someone has to pay them used to they were charged off but not anymore.a friend once had her electric shut off because she didnt pay her dads final bill cause ppl told her she didnt have to.wrong
2007-09-23 02:04:36 · answer #4 · answered by mamanana9 4 · 0⤊ 0⤋
The estate has to pay all the deceased debts.
2007-09-22 16:44:41 · answer #5 · answered by paulaj2006 3 · 1⤊ 0⤋
If there are no assets, the credit card company will write it off. However, they will try to convince family members that they are liable. It's best not to talk to them on the phone.
2007-09-22 17:53:55 · answer #6 · answered by bdancer222 7 · 1⤊ 0⤋
It is paid by your estate.
2007-09-22 16:40:27 · answer #7 · answered by Anonymous · 3⤊ 0⤋
what he said
2007-09-22 16:44:32 · answer #8 · answered by smilingmick 5 · 1⤊ 1⤋
the interest rate goes up to 5000% and you have to work that much harder in hell to pay it off
2007-09-22 16:41:31 · answer #9 · answered by Anonymous · 0⤊ 6⤋