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What else can I help you with?
Can the bank you have a second mortgage with and a credit card with attach that credit card to your second mortgage after a person is deceased?
Once a person is deceased all debt is completely erased from that person's credit. If they own a home and do not have a will nor a co-signer of the home loan the government will take over the ownership of that home. If they have credit card debt, the debt is forgiven and no longer in existense.
Can business credit card debt affect my personal credit card balance?
A business credit card debt can affect someone's personal credit card rating. A credit report for an individual is processed by activity of one's overall credit. This means that having debt for a business credit card can hurt a person's chances of receiving lower interest for a home finance loan.
Can you loose home to credit card debt?
No. Credit card debt is unsecured and they can take nothing from you ever. They can only harrass and threaten and trick you into settling for a percntage of what you owe.
How can one pay off student credit card debt?
There are many ways to pay off student credit card debt. Some of the ways to pay off credit card debt are borrow against life insurance, get a home equity loan, renegotiate the term with a creditor and many more.
Can a lien be placed on your home for credit card debt if it is jointly owned and the other party is not responsiblbe for the debt of the cards?
yes
How To Deal With Credit Card Debt Effectively?
Recent studies reveal that millions of people around the world are experiencing problems that are related to credit card debt. Unfortunately, credit card debt prevents many from applying for home loans, automobile loans, and certain jobs. Credit card debt can be resolved if one is willing to take a few steps. Getting professional help from credit card counselors or debt counselors is one powerful way of eliminating this serious problem. Using credit cards wisely is one simple way of minimizing the possibility of abusing them. Using these two simple steps can help anyone deal with credit card debt effectively.
In what situations can a credit card company force you to sell your home in Wisconsin?
If you have made a debt to them and you are not able to satify the debt they request the court take your property to repay the debt.
Can credit card companies put liens on houses in pennsylvania?
Credit cards are unsecured debt. If use your home to back up the Credit line. Yes they can.
If a person dies in Florida leaving credit card debt and the home goes to the spouse is half of the home subject to probate and collection by the credit card companies?
no in the state of Florida the homestead is exempt from all creditors
Can your home be taken away if you can't pay your credit card debt?
No, your home cannot be taken away solely for unpaid credit card debt, as credit card companies do not have the right to seize your property. However, if you fail to pay your debts and the creditor successfully sues you, they could potentially obtain a judgment that allows them to place liens on your property or garnish your wages. It's important to manage debt responsibly and seek assistance if you're struggling to make payments.
If someone dies with credit card debt in Florida and has life insurance and a home does the credit company get it or does the beneficiary?
In Florida, if someone dies with credit card debt, the debt typically does not transfer to the beneficiaries. Life insurance proceeds go directly to the named beneficiary and are not subject to creditors, meaning the credit card company cannot claim those funds. However, the deceased's estate may need to settle the debts before any assets, including the home, are distributed to beneficiaries. If the home is jointly owned or has a co-signer, different rules may apply.
Is the estate of mother responsible for medical bills and credit card debt when she owns a mobile home and rents a space in a mobile home park and owns a car?
The general rule is that the estate is responsible for the debts of the deceased, including medical bills and credit card debt. It's not clear what owning a mobile home and car have to do with it, other than that those are assets that could be liquidated to pay off the debt.
