0
The banks would like you to think that the person's family is responsible, but this is not true. The person who made the debt and who has no other person on the account is responsible. This means that a husband or children of the person who died does NOT inherit the debt unless it is a joint account. Your name has to be on the account to have them collect the debt. Otherwise you don't owe what the person left.
However, the decedent's estate is responsible for paying their debts. If the decedent owned any assets at the time of death, their debts must be paid before any property can be distributed to the heirs.
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
Would my mother's children be liable for any credit card debt she had at the time of her death?
Your mother's estate is responsible for her credit card debt.
I am in Oregon my Dad has died I am 23 and do not know what to do about his credit card debt Am I responsible I am in Oregon.?
AnswerNo, you need to send a copy of the death certificate to the credit card company. You are not responsible for your father's debt.
Who is responsible for credit card debt after death in the state of Illinois?
Actually, the answer is the credit card holder is responsible for the debt if single, otherwise the spouse may be responsible for a partners debts. If it was made while they were married, otherwise, the bank can't collect the debt.
Who is responsible for your credit card debt after your death in Ontario?
I live in California, and my grandmother passed away and I contacted the credit card companies, told them she died, sent a death certificate, and they took care of the debt.
Who is responsible for a deceased person credit card debt in North Carolina?
The estate is responsible for the decedent's credit card debt.
Is an authorized credit card user responsible for credit card debt if the primary card holder declares bankruptcy?
No. The card holder is responsible for all debt on the credit they extended to him. (You may be responsible to the credit card holder for the debt he incurred for you, if that was your agreement).
If my husband dies and leaves credit card debt and our childrens parent plus loan debt am I responsible for assuming the debt in PA?
not if you have death insurance on the loan and credit cards
Who is responsible for debt if a bank cancels a credit card?
The person who carried the card is still responsible for the debt.
Who is responsible for outstanding credit card debt if bank cancels your credit card?
You are because you incurred the debt.
Is child responsible for parents credit card debt after death?
I think that would be paid out of the estate and not by the child.
Is a wife responsible for husbands credit card debt after his death with no estate or will?
If the card is in his name, only, there may be an out. You will need to get legal help.
Are you responsible for your dead spouses credit card debt if you own a house together?
Your dead spouse's estate is responsible for the credit card debt. In practice, this may amount to "you are responsible for it."
