0
Yes, you can are liable for the debt incurred. Using a credit card, debit card, bank account, assets, etc. of a deceased person without being the legal administrator of the deceased person's estate is considered fraud.
Wiki User
∙ 16y ago
Wiki User
∙ 15y agoWhile someone may be dead physically, they aren't financially until their estate is finalized. Basically, the estate continues these life matters, resolving them using whatever the deceased left behind and in accord with the Laws and his Will. Debts are paid from the assets he left before anything is distributed by inheritance.
Add your answer:
Earn +20 pts
If a company goes out of business who pays the credit cards?
the owner pays the credit cards because they owned the company
Is it fraud if you use a credit card with permission of the cards owner?
Yes
Who is the owner of Wamu Credit Cards?
The owner of the company WaMu (Washington Mutual) Credit Cards was Washington Mutual Banks, until the company had it's collapse in the year of 2008. Then, the Office of Thrift Supervision took the company.
Will the owners credit be impacted is an authorized user is added?
The owner and/or joint owner are solely responsible for the credit card. This includes everything from making payments, dealing with fraud, being reported to the credit bureaus, etc. If an authorized user abuses his/her credit spending, the responsibility still lies in the hands of the owner of the credit card.
Can a credit card company put a lien on a deceased persons home if the home is owned jointly with someone other than the spouse and the deceased is the only authorized user on the credit card?
Even though the joint owner is now the sole owner, it was still part of the deceased's estate when he died in debt. Creditors can apply for an Insolvency Administration Order to try to force a sale and take a cut of the proceeds, along with the joint owner.
Can anyone have multiple credit cards?
With good credit-yes. Having multiple credit cards is possible. However, carrying lots may not be a wise thing to do. With lots of credit cards in tow, the risk of theft or loss is also high. When credit cards get stolen or lost, the owner must make an immediate report about the incident to the credit card provider. This case may also be prevented if the credit cards are highly organized and secured when brought together.
Can an adult child legally use the credit card of a deceased parent in the state of Georgia?
No, an adult child cannot legally use the credit card of a deceased parent in the state of Georgia without authorization. Unauthorized use of a deceased person's credit card could be considered fraud and may have legal consequences.
What is a free credit card most useful for?
A free credit card is most used for whatever the owner of wants to use it for. There are credit cards for general use and credit cards geared towards use for specific companies as well such as Macy's or Walmart.
If the co-signer on a repo'ed car dies who is responsible for paying the credit company the deceased's estate or the original owner?
EITHER/OR. they both signed and agreed to pay.
What will be the journal entry Office Furniture purchased with gift cards?
[Debit] Office furniture [Credit]Owner equity / Retained Earnings
How long do you need to be in business to be approved for secured business credit cards?
The lender sets the standards and requirements for secured business credit cards. Such a card will be secured by, most likely, the personal assets of the business owner. Check with the lender for details of what is required.
Can a life estate tenant be sued because of an owner's accident?
No. They have no personal responsibility regarding the owner's personal liability in an accident.No. They have no personal responsibility regarding the owner's personal liability in an accident.No. They have no personal responsibility regarding the owner's personal liability in an accident.No. They have no personal responsibility regarding the owner's personal liability in an accident.
