Once a person is deceased all debt is completely erased from that person's credit. If they own a home and do not have a will nor a co-signer of the home loan the government will take over the ownership of that home. If they have credit card debt, the debt is forgiven and no longer in existense.
If they did it by mistake then definitely YES. You can get it back.
Yes, you can have a co-signer on most credit card accounts. But, assuming you are new to the credit world, you should take this opportunity to enter into this adventure alone. Two reasons: 1) If you have a co-signer, you are making them (in the eyes of the bank) responsible for your credit, payments and charges. This can adversely effect both of your credit scores. 2) If you are indeed new to credit cards, doing this on your own and being responsible with credit will set you up for success later in life - such as your first/next car purchase, large ticket consumer goods, an apartment or even a home! You may consider making someone else a linked cardholder instead, which can avoid these challenges and still give them a credit card attached to your account.
Chase..some co-brand
That means you agree to be completely responsible for paying the balance of the account if the primary card holder defaults on the payments. You may not know if the primary card holder is not paying the monthly bill and your credit record will be affected if the payments are late.You should be very careful about co-signing for a credit card and make absolutely sure you understand your liability if the charges are not paid.
Once a person is deceased all debt is completely erased from that person's credit. If they own a home and do not have a will nor a co-signer of the home loan the government will take over the ownership of that home. If they have credit card debt, the debt is forgiven and no longer in existense.
yes everything but your life
NO. Only a lender with a lien on your vehicle has the legal authority to repossess it.
If they did it by mistake then definitely YES. You can get it back.
I am a doctor- but also go to doctors and take my kids to doctors (very often!). Blockbuster has had my credit card (for more than 10 years), hotels take my credit card, car rental companies take my credit card. ?Do I trust the doctor less than those companies? If I owe money, then they will charge my credit card- Does ANYONE have a (legitimate) problem with that?
Not without a co-signer. You must be 18 to contract and few, if any, credit card companies would be willing to take the risk.
No.
No.
i had a credit card in my name i was just a signer on it but i did use it can i get into trouble with the law for this i was given permission by the main card holder that i could use the card
Yes, you can have a co-signer on most credit card accounts. But, assuming you are new to the credit world, you should take this opportunity to enter into this adventure alone. Two reasons: 1) If you have a co-signer, you are making them (in the eyes of the bank) responsible for your credit, payments and charges. This can adversely effect both of your credit scores. 2) If you are indeed new to credit cards, doing this on your own and being responsible with credit will set you up for success later in life - such as your first/next car purchase, large ticket consumer goods, an apartment or even a home! You may consider making someone else a linked cardholder instead, which can avoid these challenges and still give them a credit card attached to your account.
Unfortunately she could lose her home if the Credit Card Co., decides to go after her for full payment which they can do. If she is even just making the minimum payment that is basically just paying off the high interest and not the total debt. See if she can't go to the bank and use her home as collateral to pay off the Credit Card Co. by "Line of Credit" which has a low interest rate.
I mean is can the house have a lien put on it by the credit card co.?