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2. What happens to your loan debt after you die? - AOL

   www.aol.com/finance/what-happens-to-loan-debt...

   Generally, private student loan companies do not forgive loans due to the death of a cosigner. In fact, the loan may require immediate full payment or go into default when you die if the contract ...

3. Should you cosign a loan for your child or a loved one? A ...

   www.aol.com/finance/pros-cons-cosigning-loan...

   Benefits of cosigning. Drawbacks of cosigning. You can help a loved one qualify for a loan. You assume full liability for payments and late fees if the main borrower falls behind or files bankruptcy

4. What happens to your bank account after you die? - AOL

   www.aol.com/finance/what-happens-to-bank-account...

   Loans without collateral — such as personal and student loans — are usually treated as a last priority when it comes to paying off your creditors after you die, though a spouse could be ...

5. Payment protection insurance - Wikipedia

   en.wikipedia.org/wiki/Payment_protection_insurance

   Payment protection insurance (PPI), also known as credit insurance, credit protection insurance, or loan repayment insurance, is an insurance product that enables consumers to ensure repayment of credit if the borrower dies, becomes ill, disabled, loses a job, or faces other circumstances that may prevent them from earning income to service the debt.

6. What happens to your medical debt after you die? - AOL

   www.aol.com/finance/what-happens-to-medical-debt...

   Like all debt, medical debt left behind after your death is paid by your estate. The debt goes to the person handling your estate — called an executor. The executor’s job is to manage the ...

7. Cancellation-of-debt income - Wikipedia

   en.wikipedia.org/wiki/Cancellation-of-debt_income

   One exception to the requirement to file 1099-C is when a student loan has been discharged due to the death or permanent disability of the borrower under provisions of the Tax Cuts and Jobs Act of 2017. The IRS has issued a notice that lenders or servicers of loans discharged under these provisions are not required to issue Form 1099-C, and ...

8. Garnishment - Wikipedia

   en.wikipedia.org/wiki/Garnishment

   The federal garnishment limit (with some exceptions like child support and student loans) on a weekly basis is the lower of (A) 25% of one's disposable earnings (what's left after mandatory tax deductions), or (B) the total amount by which one's weekly wage exceeds thirty times the federal hourly minimum wage. Several other states observe ...

9. What happens to your mortgage after you die? - AOL

   www.aol.com/finance/what-happens-to-mortgage...

   Sources. Average US Mortgage Debt Increases to $244,498 in 2023, Experian.Accessed July 18, 2024. 2024 Wills and Estate Planning Study, Caring.Accessed July 18, 2024.