OfTheCross
Veteran
doesn't even have to be maxed out...even if it has a balance. Who's responsible?
Anyone have actual experience in a case like this?
if someone dies and their credit card is maxxed out who pays for it?
- Thread starter OfTheCross
- Start date
doesn't even have to be maxed out...even if it has a balance. Who's responsible?
Anyone have actual experience in a case like this?
Take It In Blood
Banned
God
RaspberryFitted
Boyz In Motion Member
from what I’ve learned, the debt is passed to the next of kin.. so their spouse or children.
Their estate if there are any assets. A co-account holder if there is one. Next of kin is not responsible for the debt unless they take a distribution from the estate without first paying the debts.
THIS IS NOT LEGAL ADVICE.
THIS IS NOT LEGAL ADVICE.
KnickstapeCity
The Big Dikk King
Doctor Wily
CapcomSwag
Who ever is in charge of the estate has to pay taxes on whatever 1099-c form they recieve.
It just doesn't dissappear since that debt becomes earned income (hence a 1099 -c form)
It just doesn't dissappear since that debt becomes earned income (hence a 1099 -c form)
And if you max out your dying relative’s card while they’re on their death bed, the card company and feds will find you 
It doesn't work like that.
The money is taken from the estate. If not enough money is left behind, the beneficiaries will receive nothing.
OfTheCross
Veteran
doesn't even have to be maxed out...even if it has a balance. Who's responsible?
Anyone have actual experience in a case like this?
Nobody
They are sending Bill's to dead person.
Hoshi_Toshi
Superstar
The estate. That’s it.
This
