Credit and Debit Cards

Why was a widow's charge card credit limit decreased when she paid off her deceased husband's charge card?


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Wiki User
2009-08-13 15:58:32
2009-08-13 15:58:32

It is unlikely that the limit was lowered because of the pay off. Many card issuers are pulling limits back regardless of payment history or credit history. My suggestion would be to contact the card company and ask for an explanation of the reduction.

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Only if she is also on the account. If not, then absolutely not. You can get yourself in a heap of trouble by using the credit card of a deceased person. You must notify the credit card company of the death and close that account.

Yes, you are liable for your husbands credit card.

Accounts receivable is decreased with credit balance or by receiving the cash from customers.

Indirectly. The estate of the deceased husband is responsible for resolving all of his debts. Since the widow is going to be the primary beneficiary of the estate, she will inherit less because the estate has to pay the debt.

The use of a deceased person's credit card would constitute credit card fraud. Unlawful use of a credit card is a criminal offense.

No. She must get a credit card in her own name since the guarantor on the account is deceased.

Interest does not accrue on credit card debt after the card holder is deceased. It can occur however, if the spouse is on the account.

The annual fee of a credit card is a charge applied once yearly. This charge is the cost of having the credit card. There are many credit cards available that do not charge a fee. The credit cards that do charge a fee often offer rewards, like travel.

I will charge the clothes to my credit card.

Yes, a creditor can remove a charge off from your account and your credit reports. Credit bureaus can also delete charge offs from your credit report if they are disputed and not verified.

The estate (whatever the deceased left behind) or a co signer on the card. The person in charge of the estate (executor) does NOT pay for any of the estate's debts out his/her pocket.

You can have itunes charge to your credit card or buy a prepaid card either a itunes card or a prepaid credit card ...

Get a credit report on him. Try or and a list of his credit cards should pop up.

Charge offs will drastically lower your credit score, just like any negative item similar to collections, judgments, and liens. They will stay on your credit report for 7 years unless removed. The more money owed and the more recent the charge off the more it will lower your credit score. You can remove charge offs by disputing them to the credit bureaus. The credit bureaus have 30 days to verify the charge off or it must be removed from your credit report.

first it depends what kind of charge off it is. and your credit score is all up to which credit company your checking your credit on .. there is no real answer to that question.

Yup, sure are. But then my guess is that you urged him to look into the service therefore you should want to pay them anyway... It WILL go on your credit.... Set up a payment plan- most places will do $10 a month....

Yes. You can not apply for credit in anyone else's name because it constitutes fraud.

Yes, if your husband has a bankruptcy before he got married it will still effect his credit.

The estate is responsible for the decedent's credit card debt.

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