What happens if you die&have credit card debt?

Answer Depending on your situation, marital status and laws of your state, you may be leaving your bills behind for your loved ones to pay off if you die having debt.General RuleUpon your death, your cred... Read More »

Top Q&A For: What happens if you die&have credit card debt

What Happens to Credit Card Debt in Bankruptcy?

Bankruptcy can serve as a powerful form of debt relief for individuals who can no longer afford growing amounts of debt. What happens to an individual's credit card debt during a bankruptcy depends... Read More »

If an Economy Collapses What Happens to Credit Card Debt?

Economic collapse doesn't end financial obligations or legal contracts. Credit card debt is owed regardless of the borrower's ability to repay. Economies can collapse due to high inflation or a dep... Read More »

What happens when you are sued over credit card debt?

If standard debt collection methods, such as letters and telephone calls, fail, a creditor has the right to file a lawsuit against the debtor. When a creditor wins a lawsuit, the court grants a jud... Read More »

What happens to credit card debt when a person dies?

What happens to credit card debt after a person dies depends on a number of factors, such as the place of residence, who applied for the card and whether the deceased held the account alone.Lone Ho... Read More »