Who is responsible for deceased parents debts

dovic1 · 04-05-2007

When a parents dies who is responsible for paying off their credit card debt?

alex · 04-05-2007

I believe it goes back to their estate, i.e. home, properly, assets. Assuming that's not enough to cover it, not sure. Good question tough.

cassyjr · 04-15-2007

i worked for a debt collection company last year and once a death certificate has been provided it gets written off if no way to pay it

ltjman22 · 04-16-2007

The children are, but most likely you will have allotments that will pay off the debt. If you can't pay it, it will get written off!

im2good · 04-24-2007

No it doesnt go their children
If the person has any assets that will be claimed
Else the payment debt goes as unpaid

sood123 · 04-25-2007

I suppose the clauses say that the payment is rendered unpayable if the debtor dies. Or maybe government pays.

laker110 · 05-26-2007

I think , if his family member can pay it comfortably, then its ok otherwise its written off.

04-05-2007	#1 (permalink)
dovic1 Member Join Date: Apr 2007 Posts: 67 Rep Power: 2	Who is responsible for deceased parents debts When a parents dies who is responsible for paying off their credit card debt?

04-05-2007	#2 (permalink)
alex Member Join Date: Feb 2007 Location: New York City, New York Posts: 43 Rep Power: 0	I believe it goes back to their estate, i.e. home, properly, assets. Assuming that's not enough to cover it, not sure. Good question tough. __________________ Alex Corral preCharge Risk Management Solutions http://www.precharge.com/

04-16-2007	#4 (permalink)
ltjman22 Senior Member Join Date: Apr 2007 Posts: 409 Rep Power: 0	The children are, but most likely you will have allotments that will pay off the debt. If you can't pay it, it will get written off! __________________ Myfishsite Fishing Forums!

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04-15-2007	#3 (permalink)
cassyjr Junior Member Join Date: Apr 2007 Posts: 17 Rep Power: 0	i worked for a debt collection company last year and once a death certificate has been provided it gets written off if no way to pay it

04-24-2007	#5 (permalink)
im2good Junior Member Join Date: Apr 2007 Posts: 22 Rep Power: 0	No it doesnt go their children If the person has any assets that will be claimed Else the payment debt goes as unpaid

04-25-2007	#6 (permalink)
sood123 Senior Member Join Date: Apr 2007 Posts: 274 Rep Power: 2	I suppose the clauses say that the payment is rendered unpayable if the debtor dies. Or maybe government pays.

05-26-2007	#7 (permalink)
laker110 Senior Member Join Date: May 2007 Posts: 110 Rep Power: 2	I think , if his family member can pay it comfortably, then its ok otherwise its written off.

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