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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 ...
What happens to debt after death varies depending on the type of debt, your relationship to your loved one and your state. In general, a deceased person’s debts will be settled by their estate.
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 ...
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.
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
Involuntary treatment or mandatory treatment refers to medical treatment undertaken without the consent of the person being treated. Involuntary treatment is permitted by law in some countries when overseen by the judiciary through court orders; other countries defer directly to the medical opinions of doctors.
After attending AA meetings in Southern California in the late 1950s, he grew to believe that they were not tough enough. The addict needed more than brotherhood. He needed to be challenged, and “to grow up.” After a singular LSD experience, Dederich conjured up a drug-free commune for heroin addicts in Santa Monica.
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 ...
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