0
Being in a care facility does not make someone immune to creditor/collector actions. Although people in such a situation generally do not have assets that a could be subjected to creditor attachment. It would be advisable to review the person's financial status to determine if they are "judgment proof" under the laws of their state of residency. If there is a POA (that is not limited) in place, they should take on the responsibility of notifying creditors if they find it to be in the best interest of the person they represent. The person with the POA might want to consider obtaining legal advice before taking any actions.
What else can I help you with?
What happens in GA if you are put in nursing home and no longer can pay your credit card the agency is saying it will be turned over to an attorney because several charges were made in the last year?
They can certainly turn it over to an attorney, but if there are no assets than they can't be paid. I would suggest contacting the company directly and explaining your situation. If they can't or won't help you, then simply imply that you will declare bankruptcy and this should ease, if not end, the calls.
Can credit card companies sue you if your 65 years old or older?
No. They cannot sue you just because you are 65 years old or older. Yes - They can sue you, if you owe them money
Will a credit card company consider an elderly borrower's advanced age when deciding whether to sue over credit card debt?
No. The only issue the creditor is interested in is if the debtor has assets which can be seized for the debt owed. Creditor's really do not care if a person is elderly, ill, disabled, and so forth, they simply want their money. All debtor's are allowed to protect specific types and amounts of property according to the exisiting laws of their state of residency from creditor attachment and/or seizure.
Who is responsible for grandmother's credit card debt?
The responsibility for your grandmother's credit card debt typically falls on her estate after she passes away. If there are insufficient funds in the estate to cover the debt, the creditors may not be able to collect. It's advised to consult with a legal professional to understand the specific implications in this situation.
Who is responsible for your parent's credit card debts if they are in an assisted living facility and there is no money to pay the debts?
The credit card holder is responsible for the debt. If it is the parent, they are the ones that should pay it. If it is you, you should pay it. If there is no money, you may have to declare bankruptcy. The account holder is responsible for the debt. Social Security and most private pensions are exempt from creditor attachment. It may be that they are "judgment proof" meaning that he or she (they) do not have assets or property that can be attached by a judgment creditor. The best option is for the person to consult with an attorney who is qualified in debtor-creditor or elder law before they consider any other action especially bankruptcy.
Can You Be Sued for Credit Card Debts?
Absolutely yes. It happens to someone everyday.
What happens when you are in a nursing home and can longer pay your credit cards?
You will default on your credit card accounts. Being an unsecured loan, there is little a credit card company can do. That is a risk credit card companies take. Regardless of why you can't pay, non-payment will result in default. The extent to which a credit card company will attempt to collect depends on whether or not they feel you have sufficient income.
What happens if your credit card is lost or stolen and someone makes a purchase?
If your credit card is lost or stolen and someone makes a purchase, you should report it to your credit card company immediately. You are not typically responsible for unauthorized charges as long as you report the loss or theft promptly.
What happens if someone stops paying their credit card bill?
If someone stops paying their credit card bill, the account will go into collections. Additional fees and interests will be added to the account. Based on the amount owed on the credit card bill, the lender may file suit.
What happens if you use someone else's credit card without their permission?
Using someone else's credit card without their permission is considered credit card fraud, which is a serious crime. If caught, you could face legal consequences such as fines, jail time, and a criminal record. It is important to always obtain permission before using someone else's credit card to avoid legal trouble.
What happens when you use someone else's credit card without their permission?
Using someone else's credit card without their permission is considered credit card fraud, which is a serious crime. If caught, you could face legal consequences such as fines, jail time, and a criminal record. It is important to always obtain permission before using someone else's credit card to avoid breaking the law.
What happens when someone uses your credit card without your permission?
When someone uses your credit card without your permission, it is considered fraud. This can lead to unauthorized charges on your account, which you may be held responsible for. It is important to report the fraud to your credit card company immediately to protect yourself from financial losses.
Can you send credit from someone to someone else?
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.
Does Medicaid count a credit card as income if you are in a nursing home?
No it is not income.
Can I report credit card fraud if I know someone who has someone elses credit card?
Yes I believe you can report credit card fraud if you know someone who has someone elses credit card, if let's say one of your friends or family member got there credit card stolen and you also know the person who stole the credit card you can report a credit card fraud or you can just let your friend or family member report fraud on there credit card, I hope this helps :).
What happens when you add someone to your credit card account?
When you add someone to your credit card account, they become an authorized user and can make purchases using the card. The primary account holder is responsible for paying off any charges made by the authorized user.
Can you have a credit card number and it is not your credit card?
No, unless you hack someone
