Topic: Credit Card Debt of Deceased
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Answers to Common Questions
Who Is Responsible for a Deceased Mother's Credit Card Debt?
If you are contacted about an unpaid debt belonging to a deceased parent or relative, do not cave in to demands for payment. In almost all cases, creditors can only demand payment from the estate of the deceased, not her survivors. Read More »
Source: http://www.ehow.com/facts_6983148_responsible-mother_s-credit-car...
How to Settle Unsecured Credit Card Debt for the Deceased
When an individual dies, his grieving family members often must deal with the debts he left behind. An unsecured credit card debt isn't bound to any property that the credit card company can seize for nonpayment of the debt. The creditor's ... Read More »
Source: http://www.ehow.com/how_6340045_settle-credit-card-debt-deceased....
How to Cancel Credit Card Debt for the Deceased
When someone dies others do not inherit the debt of that person. The debt needs to be paid for through the estate of the person. However many people do not leave behind a large enough estate to cover their credit card debt. If this is the c... Read More »
Source: http://www.ehow.com/how_5921149_cancel-credit-card-debt-deceased....
More Common Questions
Answers to Other Common Questions
A statuate of limitation is a law that sets the deadline to file a lawsuit on a claim for damages. These laws vary by state and even by the type of claim. You must specify the state and type of claim.
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Source: http://wiki.answers.com/Q/What_is_the_statute_of_limitations_on_a...
Credit card debt is money that people owe to a credit institution for using credit cards (paying for something with "plastic"). Most credit card debt is unsecured, meaning the amount owed is not tied to any assets.
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Source: http://answers.ask.com/Business/Finance/what_is_credit_card_debt
To eliminate credit card debt you must pay off all debts that you owe. Then you should close out the credit card accounts that you do not need.
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Source: http://answers.ask.com/Business/Other/how_to_eliminate_credit_car...
A person can consolidate their credit card debt buy getting one loan and paying the credit cards off or by putting all the debt on one card.
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Source: http://answers.ask.com/Business/Finance/how_to_consolidate_credit...
It is very simple to reduce your credit card debt. All you need to do is make sure to pay more then your minimum payment each month. You will get your debt pay off quickly.
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Source: http://answers.ask.com/Business/Finance/how_to_reduce_credit_card...
Credit card use ballooned in the last few years, but has come to a near standstill in the current economy. As recently as 2008, studies showed the average cardholder has 7.6 cards. Unfortunately, even though the spending has stopped, the de...
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Source: http://answers.ask.com/Business/Finance/what_is_the_average_credi...
The first step to settling credit card debt is to call the credit card company directly. You will need to show financial hardship in order for the credit card company to agree to a settlement.
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Source: http://answers.ask.com/Business/Other/how_to_settle_credit_card_d...
