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Can a credit card company force an estate to sell a home to pay their bill?
Wiki User
∙ 8y ago
No, credit companies cannot force anyone to sell anything to pay them.
Wiki User
∙ 8y ago
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Can credit card companies force heirs to sell real estate after a death?
If the credit card company has filed a claim against the estate the debt must be paid before any assets can be distributed to the heirs. In any estate the debts must be paid first. The heirs get any assets that are left after the payment of debts. If the estate doesn't pay the bill the creditor can force the sale of the real estate to collect the debt. If the property is the only asset and the heirs want to keep it then the heirs must pay the credit card bill.
Will wife have to pay credit card bill in death if no estate if not in her name?
The estate is responsible for the debts of the decedent. Send a copy of the death certificate in with the bill to notify the creditor of the death.
What can happen if i don't pay my credit card bills?
If you don't pay your credit card bill, the company may put the nonpayment on your credit report. Also, the credit company may sue you in court.
How do you close your line of credit?
Contact the credit company and tell them you want to close the account and tell them to send you a final bill.
What is Minimum Payment?
The smallest amount of a credit card bill that a consumer can pay, to remain in good standing with the credit card company.
Can credit card companies force heirs to sell real estate after a death?
If the credit card company has filed a claim against the estate the debt must be paid before any assets can be distributed to the heirs. In any estate the debts must be paid first. The heirs get any assets that are left after the payment of debts. If the estate doesn't pay the bill the creditor can force the sale of the real estate to collect the debt. If the property is the only asset and the heirs want to keep it then the heirs must pay the credit card bill.
Who's responsible for credit card debt after the card holder dies?
The estate covers the bill. If the spouse is still alive, he/she will probably have to cover the bill with the proceeds of the estate. If there aren't enough assets to cover the debt, and the credit account was not joint with anyone else, the credit card company will have to pay it out of their own pocket. Credit card companies cannot force the family to pay the debt. == ==
Will you have to pay wifes credit card bill after death?
Only if your were a co-applicant. If not, your wife's estate is responsible for paying the debt. If she has no estate, send the credit card company a copy of the death certificate and let them know that there will be no estate set up.
Who pays credit card bill upon death?
your estate.
Can a credit card company in the State of New York bill an estate 8 years after the estate has been closed?
They can bill all they want to but if the credit cards are in the name of the deceased you are not liable to pay them. If they persist you can do what I did when the cable company kept sending a bill to my grandmother who passed away, Give them the address and lot number of the cemetery they are buried in and tell them it is the new billing address. Local town Cemetary C/O Deceased person Burial Lot 123 Anytown, Anystate zip code However, If your name is on the credit card, you are liable to pay them.
Will wife have to pay credit card bill in death if no estate if not in her name?
The estate is responsible for the debts of the decedent. Send a copy of the death certificate in with the bill to notify the creditor of the death.
What can you do if a bill from your deceased husband has been sent to collections with your name on it and there is no estate?
Unless you are on the bill the company is not entitled to payment from you. The estate of your husband should handle this. If there are no monies in the estate you dont pay them for something you didnt take on.
What can happen if i don't pay my credit card bills?
If you don't pay your credit card bill, the company may put the nonpayment on your credit report. Also, the credit company may sue you in court.
Who pays the credit card bill if someone dies?
Depends on whether you are in a community property state. If you are, and married, your spouse dies, you/estate is responsible for the bill.
How do you close your line of credit?
Contact the credit company and tell them you want to close the account and tell them to send you a final bill.
In Ohio law is a spouse held liable for dead spouse credit card debt?
The estate is responsible for settling all debts. Given that the spouse typically inherits all of the assets from the estate, the estate will be smaller by that amount. In some cases the wife may want to pay the bill rather than have the estate sell the house so that the bill can be paid by the estate.
Where do I go to pay off my credit card debt?
Your credit card company. You should be able to call them and pay your bill/debt over the phone or be able to do it on the internet on your credit card company's website.
