0
What legal rights do credit card companies have to recover debt from someone's estate?
Wiki User
∙ 19y ago
They typically have a right to make a claim against the estate if the estate is open and to open the estate to get their claim paid if one has not been opened. They very rarely if ever do this in my experience. See if statute of limitations may apply.
Wiki User
∙ 19y ago
Add your answer:
Earn +20 pts
Where can you use corporate business credit?
Corporate business credit is for large companies and organizations. It is used to obtain lines of credit with various companies, equipment leases, credit cards, real estate, and auto leases.
Can a credit card company force an estate to sell a home to pay their bill?
No, credit companies cannot force anyone to sell anything to pay them.
What real estate companies specialize in Richmond VA property?
There are many different companies that specialize in real estate in the RIchmond, Virginia area. Some of those are Snipes Properties, Colonial Farm Credit and Zip Realty.
How are credit card companies notified of the death of an account holder?
Their family members call them up and tell them you're dead. The estate of a deceased individual is required to notify all possible creditors that the individual has passed away and that the creditor must make any claims against the estate. This would include all credit card companies.
Can credit card companies force heirs to sell real estate after a death?
If the credit card company has filed a claim against the estate the debt must be paid before any assets can be distributed to the heirs. In any estate the debts must be paid first. The heirs get any assets that are left after the payment of debts. If the estate doesn't pay the bill the creditor can force the sale of the real estate to collect the debt. If the property is the only asset and the heirs want to keep it then the heirs must pay the credit card bill.
Who's responsible for credit card debt after the card holder dies?
The estate covers the bill. If the spouse is still alive, he/she will probably have to cover the bill with the proceeds of the estate. If there aren't enough assets to cover the debt, and the credit account was not joint with anyone else, the credit card company will have to pay it out of their own pocket. Credit card companies cannot force the family to pay the debt. == ==
Can you recover final expenses from estranged parents estate?
Yes
What companies sell Sarasota real estate?
Sarasota real estate is sold by a myriad of companies. Such companies include, but are not limited to, Taylor Morrison, Dwell Real Estate, Michael Saunders & Company and True Real Estate.
How do you address a letter to someones estate?
You would address it to the last known address with "The Estate of xxxxx" on the first line. Or check the notices for the address of the lawyer handling the estate.
Which real estate companies operate out of Chico?
Real Estate companies operating out of Chico are Chico Real Estate Management, Rancho Chico Real Estate and Chico Homes. Using the Yellow Pages even more real estate companies in Chico can be located.
Does an estate agent have to do a credit check?
yes estate agents all do credit checks, but it depends on which estate agents to how deep into it they go, for example big companies will take more time to spot faults in your credit where as others just check your files for bankruptcy, or ccjs an that's it. im currently waiting for an estate agents to do my credit check on me my oh an my guarantor before i can get the go ahead to move if im not turned down, i have gone thru quite a big company as i didnt realise this information before i went forward with the application, hoping i get through. lol
What are some real estate companies in the Caribbean?
There are many different real estate companies located in the Caribbean. Some of these real estate companies include CENTURY 21 and Grand View Estates.
