Answer credit cardfrom past experience with my mother in law, you are responsible for the credit card balance The surviving joint account holder would be responsible for the entire amount owed.Credit Card DebtUnfortunantly you will be responsible for all of it.
If you are the account or joint account holder, you are responsible for the entire balance regardless of who incurred the debt. If you are an authorized user you are not responsible for repayment except to the account holder.
Yes. Each cardholder is responsible for the entire debt.
Yes. That's a common misunderstanding by a lot of people. You are responsible for the entire loan amount. The vehicle title is held as security for the loan but any amount that is not covered when the vehicle is auctioned off is still owed.
If you are a joint account holder you can still use the card. The creditor should be notified of the death of the other account holder. They may simply remove the person from the account or require you to open a new account in your name. However, if you are the joint holder you are responsible for the entire amount owed on the account.
The deed holder is responsible for paying the HOA fees.The deed holder is responsible for paying the HOA fees.The deed holder is responsible for paying the HOA fees.The deed holder is responsible for paying the HOA fees.
Your estate is responsible for your debts. If the business is owned by the deceased, the business is responsible. A spouse is not responsible, but the amount they inherit will be affected by the debts.
A duty-bearer is responsible to a rights holder and is responsible for making sure that the rights of the rights-holder are being met.
no not responsible, only if you are a co-signer/joint account holder
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).
only if the lien holder caused the collision
I would empty it out before I did.
It depends if the secondary card holder is a "Joint Account Member" or a "Authorized User". The joint account member is responsible for the balance, the authorized user is not.
The holder of the life estate is responsible for basic maintenance.
If the BK filer is allowed to discharge the debt a joint account holder who is not a party to the bankruptcy becomes solely responsible for the entire amount. Cancelling or closing the account will not change the fact that the person will still owe the debt and it will eliminate the possibility of said person to negotiate terms with the lender if it becomes necessary. If the joint account holder continues to meet the required terms of the account agreement his or her credit score will not be negatively affected.
check system maintenance
If you were not listed as a joint account holder you are not responsible for the debt.
Broad form Collision Coverage is a form of automobile insurance available only in the state of Michigan. Just as with regular collision coverage, the policy helps to pay for the repair or replacement if the insured vehicle strikes another vehicle, another object, or if it rolls over. The difference with the Broad form policy is that benefits are paid in the event of a collision regardless of which driver is at fault in the accident. Typically a Broad form Collision Coverage policy will pay only for the actual cash value of the vehicle insured. The policy holder is responsible for a deductible in an amount selected during the policy negotiation process. If the policy holder is found to be more than 50 percent responsible for an automobile collision, the policy holder is then responsible for the amount of the chosen deductible. However, if the policy holder is less than 50 percent responsible for the incident, they will not have to pay the deductible amount.
Typically the answer will be yes. The primary insurance holder will always be responsible.
They are not personally liable, except in the sense that the assets in the estate must be used to pay the promissory note. Thus there will that much less in the estate for them to inherit. If there are insufficient asset to pay the debt, then the holder of the note loses out on the amount that cannot be paid out of the estate.
No but if something happens to the card-holder, like dieing or being arrested, the authorized signer will be made responsible.
If you have a card with your name on it usually you are considered a joint account holder and are responsible for the debt incurred on that account. If a consumer is listed as an authorized user (they do not have a card with their name) he or she is not responsible for the debt.
Basically every lease has one lease holder. Anyone else on the lease is usually someone who was being allowed to live in the apartment. The main lease holder is the one who was responsible for the rent. So if anyone else moves out, the full amount of the rent is expected from lease holder.
The person(s) named as the account holder. If the account was held jointly then the surviving account holder is responsible for the debt. If the decedent was the sole account holder the debt becomes a part of his or her estate and is handled according to probate laws.
AN authorized user cannot be held responsible for a primary holder's debt in any case. Only a joint holder can be liable for the debt. YES OF COURSE