Posts Tagged Enough Money

Who is responsible for credit card debt if somebody dies? Or does the company eat it?

credit card
Say somebody has X amount of credit card debt, then they die but still have that debt to the credit card company outstanding, what happens? Does the company have to write it off as bad debt or ? Perhaps the company can hit up that person’s estate. But let me pose another question then – what if that person’s estate does not have enough money to cover that credit card debt.

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Who is responsible for credit card debt if somebody dies? Or does the company eat it?

credit card
Say somebody has X amount of credit card debt, then they die but still have that debt to the credit card company outstanding, what happens? Does the company have to write it off as bad debt or ? Perhaps the company can hit up that person’s estate. But let me pose another question then – what if that person’s estate does not have enough money to cover that credit card debt.

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Who is responsible for credit card debt if somebody dies? Or does the company eat it?

credit card
Say somebody has X amount of credit card debt, then they die but still have that debt to the credit card company outstanding, what happens? Does the company have to write it off as bad debt or ? Perhaps the company can hit up that person’s estate. But let me pose another question then – what if that person’s estate does not have enough money to cover that credit card debt.

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Credit score550 and total credit line 1100.what to do next,to create a good credit history,?

Credit card application
Hi,

My credit score is 550 and I have total 1100$ of credit line with 2 cards (800 + 300).In last year i was in debt of 800$ and it took me 7 months to paid off.now I dont have any debt.I have started creating my credit hostory since 2 years and during that I have been denied for 3 times for new card application and denied 1 time for Credit line increase.Now I have more than enough money to spend.I want to create good credit history now.what should I do?Should I do my expenses from Credit card and pay off totally at the end of month ,or should I pay 50% or just minimum payment ? or I should not use credit card and should use debit card ? please give me advice .
Thanks.

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