Question

 Can debt be inherited?

Answer Debt cannot be inherited. However, debt collectors can use assets to pay off debt. So if a relative dies and leaves money to their next of kin, debt collectors can take that money to pay off the de... Read More »
http://www.answerbag.com/q_view/2055668

Top Q&A For: Can debt be inherited

What is the Difference Between Inherited and Non-Inherited Traits?

Traits are physical characteristics that can be displayed by animals (including human beings) and some plants. Inherited traits are passed down genetically from one generation to the next, while no... Read More »
http://www.ehow.com/info_8325043_difference-between-inherited-noninherited-traits.html

How Long Does a Debt Collector Have to Respond to a Request for Evidence of Debt?

The Fair Debt Collection Practices Act requires lenders and collectors to abide by rules and regulations to ensure that borrowers are being treated fairly and with respect. One of these rules is th... Read More »
http://www.ehow.com/info_8484360_long-respond-request-evidence-debt.html

How long after a credit card debt judgment can a debt be collected in Michigan?

The statute of limitations on collecting a judgment in Michigan is 10 years. Keep in mind that if the debtor is paying off the judgment in installments, the statute of limitations is put on hold du... Read More »
http://www.answerbag.com/q_view/2113063

Is Revolving Debt or Installment Debt Better for Your Credit Score?

While reviewing your credit report, you may notice some debts marked as "revolving" while others are labeled "installment". Although these types of accounts are very different, having both on your... Read More »
http://www.ehow.com/facts_6371517_revolving-debt-better-credit-score_.html


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