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Unlike cosigned or joint loans, this means that your children will not be responsible for repayments on a Parent PLUS loan if you die. And if a parent took out a PLUS loan in your name, they will ...
“So if you inherit $100,000, you are, in theory, responsible for up to $100,000 of your parent’s debt. In fact, many creditors walk away without filing claims whatsoever.”
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.
When it comes to other debt, such as credit cards, you might not be responsible for paying it even if you were an authorized user. But don’t be surprised if you are contacted by a debt collector.
Collecting debt from a deceased person may sound unpleasant, but there are plenty of legitimate reasons why you might need to collect against an estate — and ultimately impacts your personal ...
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; A court order issued in the United States that satisfies AOL's requirements. AOL will provide you the required language for the court order. You can request the content of the account through this form.
Being a co-signer on a loan for the deceased, where there’s outstanding debt Living in a state where the law requires surviving spouses to pay particular kinds of debt. This is most common in ...
However, you may be held personally responsible for a debt in some cases, such as if you co-signed for a loan for your loved one. Consider consulting with an estate lawyer for advice about which ...