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Do interest and late fees etc on credit cards stop accruing at the date of death?
Wiki User
∙ 8y ago
In many cases the debt "dies" with the debtor. This of course depends on circumstances, if the debtor was married and lived in a community property state, for instance. The interest, etc. will continue to accrue until the issue is resolved. Either in the debt(s) being paid by the deceased estate, or dismissed by the court. Sometimes an unethical creditor will attempt to collect from a non-debtor spouse, or a family member. This is why it is important to know the creditor/debtor laws of the state of residency.
Wiki User
∙ 8y ago
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Do interest and late charges etc on a credit card stop accruing at the date of death?
Not as a rule. The company will want proof, preferably a death certificate. The account will be closed, but the charges will probably accrue, until a decision is reached. Either by the sale of non-exempt property of the deceased. Or a "judgment proof" ruling by the court. Which means there are no funds available to pay the debt(s).
Death of a spouse credit card debt?
My husband has several credit cards in full swing...He pays on them...To whom the are for I don't know or what has been charged on them.... In no way can I pay for these after his death....what can I do....
How do you find out if someone is using credit cards of a deceased person?
The most obvious way would be to check the statements for usage. And all credit cards should be notified as soon as possible of the death of the holder and the accounts cancelled.
Who is responsible for credit card debt after death in NJ?
The estate has the responsibility to settle all debts including credit cards. Once that is done, the remainder can be distributed.
What is the law in Florida regarding credit cards after death of the card holder?
The survivor or survivors are not responsble for paying it off.
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
In California is a spouse responsible for a deceased spouse's credit cards?
If your name is on the account you have to pay. If not, you need to send a copy of the Death Certificate.
What happens to a person who dies and now her credit cards are coming in There is no will there is no estate no insurance no savings Do you tell the credit cards that the person is dead?
Yes, you need a death certificate, which you will need to fax/mail into the company. Just tell them the person is dead, and ask for their policy, each company is slightly different but all of them require a death certificate.
How do you remove name on credit cards after death?
You would contact the credit card company. They would probably need a copy of the death certificate in order to remove the name. If the account is in that name only, the estate would pay off the loan and close the account.
If we transfer the house to a different person after the death of the owner what happens to the credit card debt of the decedent?
You can't transfer the house until the debts are resolved. The house may have to be sold to pay the credit cards.
Who is responsible for credit card debt after death in Canada?
The estate has to pay off the debts including credit cards. If the estate cannot do so, they distribute as best they can. If the court approves the distribution, the debts are ended.
When was Death on Credit created?
Death on Credit was created in 1936.
