0
A lot of credit card companies will ask if your state is a community state.....if not, they may accept an official death certificate.
Above is simply incorrect in so many ways it's mind boggling...just start with the term is "Community Property" state...and what...if it made a difference, the companies don't know which ones those are...they would need to ask you? (It is true that in a CP state, unless exceptional measures are taken, all things are owned by the "couple"...that's debts and assets...and on the death of one the other has it all...but that's not really too different than other areas where the couple probably had all credit, etc. jointly anyway).
Upon death the "estate" of the decedent continues...it's reason is to resolve the affairs of the decedent, and for all practical purposes, it mean that person lives on. Winding up the affairs means dispossing of any assets and clearing any debts. Assets must be used to pay debts (before say the remaining estate gets distributed to beneficiaries). Debts are not forgiven. The credit card companies expect to get paid in full, and if there isn't enough assets to pay the debts of the decedent (he died "insolvent") generally the unsecured creditors will all take an equal amount of what there is to get. Hence, no one other than creditors can be expected to get anything.
What else can I help you with?
How do you increase my credit limit?
Pay more than your monthly minimum. Credit companies watch that.
What if you leave credit card debt in US?
I owe credit cards companies in the US. Can they collect it in The Netherlands?
Can credit card companies sue you after or during bankruptcy?
Not likely. They can come to collect if you have a balance but sue you why?
What is minimum FICO needed to get unsecured credit card?
Many credit card companies are hesitant to issue unsecured credit cards to those with a credit score of 650 or less. Some companies are more stringent than others.
Which two changes did Andrew carr make for the credit card companies?
Carr reduced the minimum payment from 5% to 2% and he got credit card companies to offer a 0% introductory APR.
What is the Illinois Statutes of Limitation for the credit cards debt and the tolling?
They have to collect your credit card debt within 6 years for most accounts. Most credit card companies will try to collect a debt over a certain amount, like a thousand dollars.
What are the names of some of the companies that allow people with bad credit to refinance their mortgage loan?
There are many companies that help people with bad credit scores refinance their mortgage loan. There are limits to what they can do, and in most cases there is still a minimum FICO score requirement so you can shop around the different companies if you don't meet the minimum requirements for one of them. Some of the companies that are available for this service are the online or e-companies Eloan and LoansStore.
Is it possible to refinance only the amount that is owed on a home or do you have to refinance at the current home value?
You can do either, but some credit sources place limitations on the minimum amounts / minimum percentages that they will loan.
Is it legal for credit card companies to threaten to call relatives in an attempt to collect on a past due balance?
Credit card companies may call relatives that were given as a reference on the car loan. It is not illegal to call them, it is illegal to harass them.
Where can I find information and advice on student credit cards?
Student credit cards can be gotten from websites for credit card companies like Visa and Mastercard. They have lower rates, and lower spending amounts on them.
Where do companies get their consumer credit information?
Credit bureaus, also called credit reporting agencies (CRAs), are companies that collect and maintain consumer credit information. The three major CRAs in the U.S. are Equifax, Experian, and TransUnion, and they are all publicly traded, for-profit companiedebtredemption.
Is it legal to for a retailer to have a minimum credit card purchase in Connecticut?
Yes, and it is not an uncommon practice in all states. There is no law that requires a retailer to accept credit cards either. VISA and Mastercard, however, don't allow merchants to require minimum purchase amounts. It's in their agreement contracts.
