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No, it does not really die with the individual, but it could. The estate is responsible for settling any debts of the deceased. If the assets of the estate aren't enough to cover them, the debt will be discharged.
Dallas Weissnat
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What is the difference between a debt card and a credit card?
The diffference between a debt card and a credit card is ,in a debt card it's money from your account .In a credit card is when you borrow money from the bank.
Where can I get advice on credit card debt solutions?
I am so in debt and I am worried about paying my credit cards. Where can I get advice on credit card debt solutions?
Could You Get Garnished For A 1900 Credit Card Debt?
There were no credit cards in 1900, hence no credit card debt.
When are you in credit card debt?
A person is in credit card debt when they have charges on their credit card and can not pay them. A person can make charges on a credit card and make payments at a later date. When a person charges on their credit card, the charge is now a debt that must be paid.
When you die do your children have to pay your credit card off?
The estate is responsible for the debts. Anyone on the credit card would also be liable for the debt.
How do you avoid paying credit card debt?
* Leave the country * Change your identity * Hide in the backwoods * Die * Be declared insolvent or bankrupt. * Never run up any credit card debt.
Is an additional credit card holder liable for the whole debt on the credit card account?
ia an additional credit card holder liable for the whole debt of the credit card account
Who is responsible for outstanding credit card debt if bank cancels your credit card?
You are because you incurred the debt.
What type of services does 800 Credit Card Dept offer?
800 Credit Card Debt helps you consolidate all of your credit card debt into one monthly payment. They do this by contacting your credit card debt companies and negotiating a payment for you.
Is paying off your credit card bad?
Only if you OWN the credit card company. Credit card debt is a silent killer. Make the choice to carry ZERO credit card debt.
What happens when parents die and their debt is more than the assets by over 60000 in credit card debt and is this debt cancelled?
the debt dies with them... you owe nothing
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).
