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All debts and assets of a deceased person are handled in accordance with the probate laws of the state where the deceased resided. Only the account holder is responsible for credit card debt, unless the person was married and lived in a community property state, in which case the surviving spouse is usually deemed responsible for such a debt. In some community property states such as Wisconsin the law varies as to the surviving spouse's responsibility.

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Q: What happens to the balance of credit card in the event of death of primary cardholder?
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Related questions

Can a secondary card holder's credit rating hurt the primary card holders credit?

No. The secondary cardholder's credit history has nothing to do with the primary cardholder's. The reason for this is even if there are two cards, there is still only one account for both cards which the primary cardholder is responsible. Jags


How can a cardholder avoid paying interest on a credit card?

pay the balance in full every month


Can you do a balance transfer from someone else's credit card?

Yes, balance transfers are commonly used to move balances from a high APR to a lower rate. But the transfer will impact the credit of the cardholder receiving the balance.


If you are specified as an authorized user on a credit card account that is not a joint account can your credit score increase?

No, only the primary cardholder's credit score is affected.


What happens to credit cards in a bankruptcy when there is a zero balance?

it does not work


What should you do if your brother made you a joint cardholder to help build your credit but his high balance is hurting your credit?

You can remove yourself from the account. Keep in mind that if it is a joint account you are still equably responsible for the debt incurred.


Can removing yourself as an authorized user from a credit card account hurt your credit?

No, as an authoriezed user on someone else's card, any purchases you make goes on the primary cardholder's statement and his credit bureau file, not the authorized user's file


How do you close a credit card after the death of the cardholder?

Send the company a letter along with a copy of the death certificate. If there is an estate, the balance will need to be paid. Check with your lawyer for varying circumstances.


How would you find the available credit limit a cardholder?

Search and select the cardholder account, and then click the Authorization Limits link


How would you find the available credit limit for a cardholder?

Search and select the cardholder account, and then click the Authorization Limits link


How would you find the available credit-limit for a cardholder?

Search and select the cardholder account, and then click the Authorization Limits link


What is the standard cardholder total credit limit for gtcc?

$7500.00