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According to the CFPB, there are a few situations where you might be responsible for a deceased person’s debt. They include: Sharing a joint credit card account with the deceased.
The CFPB explains when you would be responsible for a deceased person’s debt. This includes: This includes: Sharing a joint credit card account with the deceased.
If the estate is insolvent, your spouse may be responsible for the debt, depending on the situation. Tax debt, for example, is typically your spouse’s responsibility if you filed a joint return.
Debt consolidation: Debt consolidation involves combining multiple debts with a single personal loan. It may reduce your interest and monthly payment, depending on the loan you qualify for.
Ask if the deceased’s account has been appropriately flagged as “deceased — do not issue credit” to protect their information from potential fraud. 5. Request a copy of your loved one’s ...
A copy of the death certificate of the AOL account holder, issued in the United States; A copy of the requester's government-issued ID; and; One of the following documents: • A copy of the will of the deceased AOL account holder giving the requester access to digital assets; or
If the deceased was married, and a spouse was a joint owner of the account or co-signer on the debt, then the spouse is generally liable for that debt. In community-property states, things get ...
There may also be financial stress if a spouse leaves behind credit card debt, outstanding loans or other monetary obligations. You may be wondering: Am I responsible for my spouse’s debt after ...
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