Credit Tips: Credit Card Holders Death
Written by carnold
Posted On: February 1, 2006
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Posted: Tue Jan 11, 2005 11:08 pm
Post subject: Credit Card Holders Death
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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Posted: Tue Jan 11, 2005 11:09 pm
Post subject: Credit Card Holders Death
dave
Date: 9/2/2000 1:15 pm CDT
the company absorbs the loss.
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Posted: Tue Jan 11, 2005 11:09 pm
Post subject:
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
http://www.creditcardfreedom.com
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
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Curtis Arnold, a nationally recognized consumer educator and advocate, has been educating consumers about credit cards since 1998. Curtis is the author of "How You Can Profit from Credit Cards: Using Credit to Improve Your Financial Life and Bottom Line" (FT Press, 2008). He is also the co-author of the upcoming Complete Idiot's Guide to Person-to-Person Lending (Alpha Books/Pengiun Group USA, April 2009), a contribitor to The Ultimate Allowance (InnerWealth Publishing, 2008) and is extensively featured in 42 RulesTM for Driving Success With Books (Super Star Press, January 2009).
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