What Happens To Credit Card Debt When You Die: Get The Knowledge To Protect Your Assets

What happens to credit card debt when you die is a question that may seem difficult to answer. The last thing you want to do is leave your heirs with unwanted liability from unpaid credit card debt.

Learn More

We will unpack the issues at hand and offer the knowledge you need to protect yourself and your family.

Here is the first thing to know – your creditors can’t pursue credit card debt payments after your death.

1. What To Do After A Cardholder’s Death

- Stop using the card - Make a list of outstanding accounts - Notify the creditors and the credit bureau - If the card is in your name: keep making payments

2. How The Creditors Are Paid Back

After your death, your assets are used to repay your credit card debt. Then, the remaining assets are distributed to your heirs.

3. What If You Owe More Than The Sum Of Your Assets?

If you have a joint account holder, they may have to bear the credit card debt burden and repay it.

Swipe UP for more!

$21 An Hour Is How Much A Year? Tips & Tricks To Live  On It

How To Make 200 Dollars In One Day – 17 Ways To Do So Right Now

READ MORE