Would the credit card company write the debt off
2007-11-27 13:03:48 · 6 answers · asked by ehkiwi 1 in Business & Finance ➔ Personal Finance
As long as no one else is on the account, slam the door shut on the debt. Do not encourage the debt collectors, just tell them the person is dead, don't call us. The credit card companies make far too much in interest from us all, I have NO SYMPATHY for them.
2007-11-27 13:42:37 · answer #1 · answered by Nifty Bill 7 · 0⤊ 0⤋
It depends, they will try to get someone in the family to sign on for the debt by being sneaky by lying to the family members that someone has to pay but since the person that incurs the debt is now dead they can't force anyone to pay off that debt.
If in the end no one in the family agrees to pay the debt then the CC company writes it off and gets a tax break for it.
2007-11-27 13:15:40 · answer #2 · answered by Geoffrey 3 · 0⤊ 1⤋
If there is no coholder or cosigner on the account, the debt is written off. Relatives of the deceased are not personally liable simply because they are relatives.
2007-11-27 13:17:23 · answer #3 · answered by Anonymous · 0⤊ 0⤋
i can not see anyone dieing who did not have a little be of assets but if that is true you can get blood from a dead person so it becomes a write off!!!
2007-12-01 02:52:23 · answer #4 · answered by Anonymous · 0⤊ 0⤋
if that person put an emergency contact number or if the person has a spouse or child it goes to them. thats how greedy they are of getting money that they simply say "eh they are gone but hey lets get the husband or child to pay. we cant afford to write it off"
2007-11-27 13:15:28 · answer #5 · answered by Confused in the City 2 · 0⤊ 2⤋
If the person has no assets, then it would be written off.
2007-11-27 13:15:08 · answer #6 · answered by Judy 7 · 2⤊ 0⤋