Credit card issues.

[heavyweightchamp]

Ok I need advice and answers to this question, my Grandfather has a total of about 15k credit card debt that I used to do some remodeling of my gym. He's 92 years old and I want to know what happens to the money owed when he dies? He doesnt have an estate to put leins on, he sold it and moved into a care facility and the family split the money up. His next of kin would have been my Father who died 6 years ago. Will I have to pay the money back or will it just go away? Im not looking to cheat the system but only owe about $ 8,500 I personally used. And yes I was an authorized to use his account but didnt have an additional card. Thanks guys!

Someone has to have worked in the industry or know the rules that apply!

 

[BonerBoy]

I know when my dad died, the company advertised it as if the credit card also came with "life insurance" in the amount owed at the time of death.

In other words, part of the agreement is the debt is relieved upon death of the holder of the card.

I'd double check though. Perhaps call the 1-800 number on the back of the card.

 

[Phoenix Rising]

If the debt is in his name only, then he is the one who would have to pay off the debt. When my father passed away, he had some credit card debt and I did not have to pay a cent of it because it was his debt.

 

[bran987]

If the debt is in his name only, then he is the one who would have to pay off the debt. When my father passed away, he had some credit card debt and I did not have to pay a cent of it because it was his debt.

nice first post! I have no idea on this question.

 

[heavyweightchamp]

If the debt is in his name only, then he is the one who would have to pay off the debt. When my father passed away, he had some credit card debt and I did not have to pay a cent of it because it was his debt.

Hers my thing im an additonal card holder and they have my SSN, I checked my credit and it shows up on their.

Should I contact the credit card company or how do I verify some of the charges being mine as oppossed to his?

 

[SC4EVA]

Hmm dunno - while I think you would be ok they do have your social and could perhaps send negative info to credit report

 

[TheValley]

sounds like your in a co-signer to me sounds like they got ya...since they have all your infomation.....why else do they what that info...to find ya....sorry bro....sounds like you might have to be responsilbe for the debt....but check it out...too

 

[heavyweightchamp]

Fuck I figured that! Thanks dudes.

 

[chewyxrage]

damn I'm gonna charge up hella shit before I die

 

[SC4EVA]

If you wanna share the money let me know we can meet up at best buy - lol