When someone dies and leaves a debt for which there is no co-debtor, the decedent's assets may be used to pay the debts. In many states, a proceeding called a "probate" is the avenue whereby the assets of the decedent are collected and either liquidated to pay debts, or if the debts have been paid, distributed to heirs.
Outstanding Bills
yes if they have your name on it
Yup.
Yes
No, you can not give credit that you have to someone else. You can loan someone money or your credit card, but you are still responsible for paying the credit card company back.
One can pay credit card bills online by consulting with the website of their credit card company. Many companies offer an option to pay credit card bills online.
My husband has termial cancer and I was wondering when he passes will I be responible for any credit card debts he has and any of his medical bills? We live in the state of Ohio.
If someone needs help with their credit card bill then the first place they should ask is their credit card company. They can give more details on the transactions and help resolve issues.
No. The credit card companies will try to get you to pay off your parent's bills but you don't have it. It is all volunteer. I was glad to learn this since my mother is 81.
No. The credit card companies will try to get you to pay off your parents bills but you don't have it. It is all volunteer. I was glad to learn this since my mother is 81.
Credit scores can be raised by being responsible with credit. Credit card bills should always be paid on time. Debt reduction can also raise a person's credit score.
You've got that stated backward. The person with bad credit who needs a credit card would be the borrower. He has to find someone with good credit to be the cosigner. And the cosigner has to really trust the borrower because he is going to be responsible for repaying the card if (when) the borrower doesn't.