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When a person dies is the remaining daughter responsible for the debt of credit cards?
Wiki User
∙ 16y ago
No. The deceased person's estate is liable for any of the debts of that person, but heirs are not liable for debts if the assets in the estate are not enough to cover the debts.
Wiki User
∙ 16y ago
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Who is responsible for a deceased person credit card debt in North Carolina?
The estate is responsible for the decedent's credit card debt.
If a credit card has a person's name a business name on it is the person responsible for it or the business?
the person
Who is responsible for debt if a bank cancels a credit card?
The person who carried the card is still responsible for the debt.
Who is responsible for a deceased person credit card?
Bank's Insurance company
What is the role of a daughter in the family?
the daughter has to be a responsible and kind person who would take care and help her parents in anything
After your death is your daughter responsible for credit card balance?
The estate of the person who has died is responsible for any debts. If there is not enough money in the estate to pay these debts then the people or companies to whom the debts are owed, simply never get paid. The descendants of the person who has died do not have to meet these debts unless they are party to the debt agreement (i.e. they signed the debt agreement too - i.e. the credit card is held in joint names).
Who is responsible to pay a credit card if the person dies?
The person's estate pays for all outstanding debts.
If a credit card holder has a judgment and dies who is responsible?
No one. The person left is not responsible for the debt. The credit cards want people to think that the family owes for the deceased debt, but they don't.
Who is responsible for credit card debt when a person dies in West Virginia?
the deceased' inheiritance
Can a person with a mental health disorder be held responsible for credit card debt?
yes
Can your husband who has bad credit co-sign a loan for his daughter your step-daughter against your will you have good credit and don't want to be responsible for this debt?
Well, either your husband has better credit than you think or he will be denied as a co-signer. The very purpose of using a co-signer is so that someone with questionable credit is supported by a financially stable person who can assume the debt should the primary borrower fail to pay it. That said, if your husband was able to co-sign a loan, the only way you could be held responsible for it is if you live in a state where the law dictates that debts between married people are shared debts.
Who is responsible for credit card debt after someone passes away?
No one. The family is not responsible for the debt. Credit cards want people to think they are, but it is volunteer to pay/assume the debt of the person who passed away.
