Death of a Credit Card Holder with no Estate?

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Author: archive
Joined: 23 Jul 2004
Posts: 5007
Posted: Tue Jan 11, 2005 11:08 pm
Post subject: Credit Card holder dies

Zack
Date: 9/2/2000 11:46 am CDT

What happens to debt when the card holder dies and has no estate ?

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Author: archive
Joined: 23 Jul 2004
Posts: 5007
Posted: Tue Jan 11, 2005 11:09 pm

dave
Date: 9/2/2000 1:15 pm CDT

the company absorbs the loss.

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Author: archive
Joined: 23 Jul 2004
Posts: 5007
Posted: Tue Jan 11, 2005 11:09 pm

Board Monitor - AD
Date: 9/3/2000 11:17 am CDT

Dear Sirs,

If the cardholder had a joint account or guarantor on the account, they will seek payment from such individuals. Also, some states have laws in where married couples are responsible for each others liability, however, in terms of credit card debt, I am not 100% certain that it applies in such circumstances.

Sincerely,
Alex Daskaloff
creditcardfreedom.com

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