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Can credit card companies take a life insurance policy to pay someone's large debt if they left no other estate?
Wiki User
∙ 8y ago
Credit card companies cannot "take" anything. Due process of law always has to be followed. When a person dies, their assets and debts are filed in Probate Court,if state law requires it. Some life insurance benefits can be included as assets and used to pay debts. However, many policies have specific clauses that do not permit the benefit(s) to be used for that purpose. The best option is to discuss the matter with the agent/company issuing the policy.
Wiki User
∙ 8y ago
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Where can you use corporate business credit?
Corporate business credit is for large companies and organizations. It is used to obtain lines of credit with various companies, equipment leases, credit cards, real estate, and auto leases.
Does your dead husband's 500 credit card debt get passed to you if he has no assets but you received life insurance proceeds?
Not if you are smart about it. You do not have to pay his debts through his insurance policy. Inheritance may be another thing. The credit company could put a lien on the estate. The insurance policy is NOT the estate. Y-THINK-Y
Can a credit card company force an estate to sell a home to pay their bill?
No, credit companies cannot force anyone to sell anything to pay them.
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Either insurance or the estate. Some lending institutions provide "credit life insurance" which pays off the loan. If that is not part of the loan, the estate will be required to sell assets to cover the loan.
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In Ohio, there are many home insurance mortgage companies, these many consists of financial institutions and estate agents. The top ones include, Amica Insurance, USAA Property & Casualty and Roundpoint Mortgages.
Where can you use corporate business credit?
Corporate business credit is for large companies and organizations. It is used to obtain lines of credit with various companies, equipment leases, credit cards, real estate, and auto leases.
Is life insurance considered part of deceased persons estate when money is owed to loan companys?
If the life insurance has a named beneficiary then life insurance benefits are not subject to debtors claims. If there is no beneficiary or the "estate" of the deceased is the named beneficiary, then loan companies can come after the estate.
Does your dead husband's 500 credit card debt get passed to you if he has no assets but you received life insurance proceeds?
Not if you are smart about it. You do not have to pay his debts through his insurance policy. Inheritance may be another thing. The credit company could put a lien on the estate. The insurance policy is NOT the estate. Y-THINK-Y
Can a credit card company force an estate to sell a home to pay their bill?
No, credit companies cannot force anyone to sell anything to pay them.
If you take out a loan and then you die who pays for it?
Either insurance or the estate. Some lending institutions provide "credit life insurance" which pays off the loan. If that is not part of the loan, the estate will be required to sell assets to cover the loan.
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There are many different companies that specialize in real estate in the RIchmond, Virginia area. Some of those are Snipes Properties, Colonial Farm Credit and Zip Realty.
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Many companies offer work at home agent positions. Some of these companies that offer these positions are travel agent, insurance, and real estate companies.
What do you do with a dead spouses credit card debit?
If the surviving spouse did not sign the credit card agreement then they are not responsible for it. However, the creditors could still come after the deceased spouse's estate (i.e. life insurance) for the balance of credit. You probably want to ask an estate attorney that question.
What can keep you from being bonded for administrator of an estate?
HAve recent experience in this. A bad credit report will keep the insurance company from bonding you.
What are some of the top home insurance mortgage companies in Ohio?
In Ohio, there are many home insurance mortgage companies, these many consists of financial institutions and estate agents. The top ones include, Amica Insurance, USAA Property & Casualty and Roundpoint Mortgages.
What circumstances led to consolidation of real estate ownership in the 1930s?
Numerous failures and foreclosures during this era placed much of the nation's real estate in the hands of institutions: trust companies, insurance companies, banks, and other organizations
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