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 Where can you find those American Exprees Gift Card things? |
you no like those things that r like temporary credit cards you can use anywhere or w.e.
DONT BOTHER GIVIN ME S**** BOUT MI SPELLING I DONT CARE... |
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 Can collection agencies try to collect a debt that is eight years old? |
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 Serious Credit Card Debt! What should I do? |
| I am a student with about 3 years left of school before I start making money and I have some serious credit card debt! I owe about $12,000 to Visa and about $7,000 to AMEX. Most of that money has ... |
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| As a young adult, I destroyed my credit and went bankrupt. Afterwards I have 1 credit fraud and cant prove it wrong without hiring another lawyer. I need the bottom line secret to cleaning my credit ... |
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| Can a debt be reported to the credit bureaus if I am making payments? |
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 How to repair your credit? |
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| A few months back I got someone to be a cosigner for my new car, but my girlfriend and friends are high maintenance and I don’t have the extra money for the car’s monthly payments and I stopped ... |
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| i'm thinking about just using it to buy gas for my car than paying it in full when the bill comes would that be a good idea?... |
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 The credit crunch, who's to blame? |
| Anyone else think the Government created it to make Gordon Brown look like he's doing something useful to help people out ie dropping the VAT to 15% woo wee I save £2.50 everytime I spend £100,... |
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 Need to borrow some money, my credit rating is good, is it cheaper to use credit card or bank loan? |
| need to borrow some money, found a credit card that offers 0% interest for the first sixteen months. Or i could arrange a bank loan. What is the cheapest way of borrowing the money, i could pay back ... |
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 What's the best way to avoid paying back a bank loan? |
| Hi, i have took my name of the elctoral role and was told that if the bank coulnd'nt find me, they couldn't do nothing?... |
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jessesetsfire | What happens to someone's debt when they die? |
I figure that if the person is married, their spouse becomes resposible for playing any debts left behind, but what happens if this person is unmarried? Do their children inherit the debt? Do the companies simply consider the money lost forever? |
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toff
 |
The estate is responsible for the debt. |
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Curious In Ohio
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Depending on the type of debt it is the outcome may be different. Some loans state that if the person with whom's name the loan is in die, the loan does not have to be repaid. Financial companies have insurance for that type of thing. |
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jyone scotani
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The debt goes into probate- the bills are paid off from the estate money, good luck. |
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dymps
 |
Hello, if a person takes over the dead person's estate, that person is responsible for paying the debt and all other bills owed. |
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squeaky
 |
THEY AUTOMATICALLY, TAKE YOUR BELONGINGS AND ESTATE AND SELL WHAT THEY NEED TO, TO PAY OFF YOUR DEBT. THE DEBT IS NOT LEFT TO THE CHILDREN OR GIRLFRIEND. MY FATHER HAD DIED AND HE HAD DEBT, THEY COLLECTED WHAT THEY NEEDED TO, AND GAVE THE REST OF THE MONEY TO OUR FAMILY. SO YOU WOULD BE FREE AND CLEAR. AFTER THAT, BUT IF THEY CANNOT FULLY PAY IT OFF, THEY TRY TO COLLECT A % OF IT FROM SOME TYPE OF FAMILY MEMBER. YOU CAN ALWAYS REFUSE. IT IS NOT YOUR RESPONSIBILITY TO DO THIS ON YOUR OWN. GOOD LUCK!!! |
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askywalkersmom
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In the case with my uncle who passed this year there was alot of debt, but no money. The bills were written off due to the fact there was no executor or estate head, my family was advised not to apt one or that person would be responsible for his debt. On another note-When my husband passed I was not responsible for any loans I was not on, however the merchandise had to go back unless I was willing to take over the loan and take up payments. |
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jenay672001
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Any unsecured debt is uncollectable. Unless there is another person on the account.
Secured debt, such as a mortgage, would need to be paid by the estate until the security (collateral) has been cleared, sold or otherwise distributed.
No one inherits a debt without inheriting an asset. example: you may inherit a house, but it is still subject to any existing mortgage. |
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Barry DaLive
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I know one thing for sure........they are off the hook. But I don't know about children inheriting the debt. I mean people try to pay off those types of debt but I don't know if they are legally bound to or not. |
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CT
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Well this is the same question I asked my solicitor. His reply was.
1. If you have no Estate then your debt die with you.
2. Your family or friends cannot be held respobnsible for any debts left in your name when you die.
3. If you have moneis left in your bank account when you die, that can be used to pay any debts.
Hope this helps. |
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somebody's a mom!!
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i'm fairly certain that the children to inherit the debt. some companies who are owed small amounts of money will forgive the debt (phone bills, electricity etc). |
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Dubs82
 |
When my uncle passed away he had lots of medical bills from his cancer treatment and various agencies were calling his house (my grandparents) and sending threatening letters to my grandmother. Finally, my dad who is an attorney, sent these collection agencies copies of my uncle's death certificate with notice that there was no more money... everything had been used to take care of him when he was alive. They stopped calling and mailing my grandmother after that. |
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BadGirlGimpy
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Yes, it is lost forever. When a person dies, their debt dies with them. That's why the govt tries to intervene when people try to commit suicide. In some countries suicide is even illegal. Survivors go to jail. |
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