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Will creditors offer a discount to pay off a deceased persons credit card?
Wiki User
∙ 14y ago
My Dad had a credit card that had a balance of over $12,000 on it. They offered a payment of $3,600 to forgive the debt in full. We paid it and he now owes nothing. His card was a Citi Bank backed card.
Wiki User
∙ 14y ago
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How do you go about cancelling a deceased persons credit cards?
A good place to start would be to contact the credit reporting agencies and request a copy of the deceased's credit report to notify the creditors.
What if person uses deceased persons credit cards?
The use of a deceased person's credit card would constitute credit card fraud. Unlawful use of a credit card is a criminal offense.
Where do you report illegal use of deceased persons credit cards?
Your local police department
Can a credit card company collect from a deceased persons parents?
Not unless they were guarantors of the debt.
In the state of Maryland who pays the credit card debt of a deceased parent?
Generally, the deceased parent's estate is responsible for the debts of the deceased. The creditors should be notified of the death. If there are any assets the estate should be probated.
Discount allowed by creditors show you the debit and credit?
You would debit the creditor account and credit the expense it relates to or discounts allowed if you want to show them separately.
How can one get instant credit card approvals?
Before a person can get an instant credit approval most creditors will check a persons credit score and current income. In order for approval it must meet certain criteria based on the individual creditors requirements.
Can a credit card company put a lien on a deceased persons home if the home is owned jointly with someone other than the spouse and the deceased is the only authorized user on the credit card?
Even though the joint owner is now the sole owner, it was still part of the deceased's estate when he died in debt. Creditors can apply for an Insolvency Administration Order to try to force a sale and take a cut of the proceeds, along with the joint owner.
Can life insurance benefits be seized to pay credit card debts of the deceased?
Creditors can attach any assets of the deceased to make sure they are paid. If the debt is legitimate, the estate is obligated to pay. Credit card debts are among the most easily documented debts so it's doubtful that you can prove that the debt is not legitimate. * If the policy names a beneficiary the death benefits are not subject to probate procedures nor can they be attached by creditors for debts owed by the deceased.
What is the penalty in Oklahoma for using a deceased persons credit card and utilities?
Depends what the penalties for theft is - which is exactly what you're proposing !
How does widow respond to creditors calls if not joint on credit card bills?
Tell the credit card company that the card holder is deceased. They do have some rights in some states to collect the money owed from the deceased's estate. They can sue the "estate" for the money owed. Note: a life insurance policy paid to the widow is NOT his estate.
What Massachusetts law describes who is responsible for a deceased persons credit card debt?
The probate code would explain the process for closing an estate.
