answersLogoWhite

0


Best Answer

The person who carried the card is still responsible for the debt.

User Avatar

Wiki User

15y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Who is responsible for debt if a bank cancels a credit card?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Who is responsible for outstanding credit card debt if bank cancels your credit card?

You are because you incurred the debt.


Who is responsible for a deceased person credit card?

Bank's Insurance company


Who is responsible for credit card debt after death in the state of Illinois?

Actually, the answer is the credit card holder is responsible for the debt if single, otherwise the spouse may be responsible for a partners debts. If it was made while they were married, otherwise, the bank can't collect the debt.


What kind of credit cards does First PREMIER Bank offer?

First PREMIER Bank has a standard credit card. They also have a gold credit card, a classic credit card, a PREMIER Possibilities credit card, a PREMIER Forward MasterCard credit card, and a secured credit card.


Does Discover have a bank or just a credit card?

Yes, Discover has both a bank and credit card services.


What types of credit card Bank of America offers?

What type of credit card Bank of America offers


How can someone get a credit card with Orchard bank?

To obtain a credit card from the Orchard Bank one must apply and qualify for the credit card. Orchard Bank has online applications that can be completed on their website.


Which bank offers a corporate business credit card?

The bank that offer a coporate business credit card is TD Bank but that is not the only bank that offers this kind of business credit card. Many other banks also do.


What are common rates for a bank credit card?

There are many different rates for a bank credit card depending on the bank company you're with. The most common rate for a bank credit card is 13.02 fixed and 15.15 variable.


How can someone apply for a credit card at a bank?

You can apply for a credit card at a bank by approaching the bank locally and asking to receive an application for a credit card. You can also apply online to a variety of banks that will determine if you are eligible as well as how much the credit card will have on it by using your credit score.


Does a person have to declare financial details to a bank in connection with a credit card debt in a partner's name only?

No - the card (and thus any debt) is nothing to do with you - and you are not responsible for it.


What is a bank card?

A bank card is a card issued by a bank, which may provide use as a credit card, debit card, or a withdrawal card.