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Is another person responsible for credit card debt after death if there is life insurance involved?
Wiki User
∙ 19y ago
If the issue is life insurance on the card holder, that is irrelevant, as that would belong to the beneficiary named on the policy. If it is life insurance that was purchased to pay off the account in case of the death of the account holder then it should pay as prescribed, after proper documentation has been presented. In a case where a person dies and they are the only one who was the account holder, no one else is responsible for the debt. The state probate court will handle the deceased's estate and decide how assets (if any) are distributed and debts are paid. The exception would be, if the deceased was married and the couple lived in a community property state. The surviving spouse would then be responsbile for the repayment of any debt(s).
Wiki User
∙ 19y ago
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Who is responsible if a rented car is involved in an accident?
The person who rented the car will be responsible for it. When renting a car it is a good idea to either pay the insurance, check to see if your current auto insurance will cover it, or if the credit card you use may have an insurance policy.
Who is responsible for a deceased person credit card?
Bank's Insurance company
Why do i need great credit?
If you want to buy a car or house you need good credit. Some employers run a credit check to determine if you are responsible. Insurance companies run a credit check for you to get insurance.
What would constitute a responsible use of credit?
A responsible use of credit is paying off your credit cards each month. Another example of using credit responsibly is using it when you need it only.
Are you responsible for husbands credit cards if he dies?
im sure this is a no the person responcible should be the insurance company
Is the beneficiary of a life insurance policy responsible for the deceased credit card debt?
Not that I know of.. What does one thing have to do with the other?
What if your rental car was stolen and you have no insurance by your credit card neither from rental company - What are the consequences Will you have to pay another car If yes if you refuse to?
You are fully responsible for any loss or damage to a rental car. If you do not have insurance to cover this or have not purchased insurance from the car rental company, they will go after you for the full cost of the rental vehicle.
Who is responsible for company credit card after the company declares bankruptsy?
The company. The liability is one of the many the BK will resolve. Of course, if there was a cosigner or such on the credit line, they are involved too.
How do Jews save money on car insurance?
Mostly by maintaining excellent credit scores and by being overall responsible drivers.
Does being the primary owner of a car paid in cash and paying insurance help you build better credit?
No. If you paid for a car in cash, there was no credit involved. Therefore, there is no information from that transaction to show on your credit report. Likewise, paying for insurance is not a credit-related transaction. So, once again, there would be no information to convey credit history.
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
What has the author Arthur Levi written?
Arthur Levi has written: 'Credit insurance' -- subject(s): Credit Insurance, Insurance, Credit
