Are you responsible for your deceased parent's credit card debt?

Answer On One Hand: You Are Not ResponsibleIf your parent passes away, you are not responsible for their credit card debt. Some collection agencies may try to convince you otherwise, but the United Nation... Read More »

Top Q&A For: Are you responsible for your deceased parent's ...

Can Children Be Held Responsible for the Reverse Mortgage of Deceased Parents?

Whether or not a reverse mortgage is a good thing may depend on your perspective. If you are a senior who owns a home and is on a fixed income, it can be a veritable lifeline. If you are the childr... Read More »

Is the spouse of a deceased credit card holder responsible for their debt?

On One Hand: Situations Where You Are Responsible.Community states are those that consider debt to be a community responsibility; that is, the responsibility of the family. If your spouse dies and ... Read More »

Can you use your deceased spouse's or parents'credit cards?

Using a credit card that doesn't belong to you is considered identity theft. If you knowingly use the credit card of the deceased, the credit card issuer could also pursue fraud charges against you... Read More »

Are parents responsible for their kids'credit card purchases?

On One Hand: Underage ChildrenParents are responsible for their underage children's credit card purchases, according to Consumer Action. Minors cannot enter into a legal contract, so the parent has... Read More »