Sunday, 7 September 2014

Credit card debt of deceasedAre the children of deceasedparentrequired to pay credit card companies for owed debts.

Question

Credit card debt of deceased

Are the children of deceasedparentrequired to pay credit card companies for owed debts.



Answer

Re: Credit card debt of deceased

NO, unless they cosigned the credit card application. However to the extent there are funds the estate of the deceased is liable for the outstanding debts.

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Answer

Re: Credit card debt of deceased

It is very important that no one uses the credit card after the date of death. I've seen that done on occasion and it can create a real mess.



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