Yes, the house will probably have to be sold to pay off the credit card debt if there are no other assets. The alternative might be for those that live there and are to inherit to take out a mortgage and buy the house from the estate for the amount of the credit card debt and pay off the credit card bills. This would eliminate the credit card companies placing a lien on the house and allow them to get clear title.
Goes on your credit as a repossession.
Generally, the deceased parent's estate is responsible for the debts of the deceased. The creditors should be notified of the death. If there are any assets the estate should be probated.
It depends on the country you are in, but in the UK, the first claim on the estate is the revenue (ie tax), then debtors - which would include the credit card debt. That should be paid out of the estate of the deceased.
The estate of the deceased is responsible for resolving the debts left behind. This is the reason that an estate is a good idea, it provides a means to settle the debts.
Maryland is not a community property state, therefore the surviving spouse is not responsible for repayment of debt that was solely incurred by the deceased. The debts will become a part of the deceased's estate and will be handled according to state probate laws.
The use of a deceased person's credit card would constitute credit card fraud. Unlawful use of a credit card is a criminal offense.
No, I would definitely get a lawyer. You should pay the credit card co nothing.
No. She must get a credit card in her own name since the guarantor on the account is deceased.
A good place to start would be to contact the credit reporting agencies and request a copy of the deceased's credit report to notify the creditors.
It should not affect your credit unless you signed as a guarantor on any of the agreements. In most cases the debts of the deceased, including funeral expenses, are the responsibility of the estate. The estate, or its beneficiary should reimburse any valid debtors before giving any of the assets away. Consult a probate attorney in your jurisdiction for help.
Interest does not accrue on credit card debt after the card holder is deceased. It can occur however, if the spouse is on the account.
You should call the credit card company.