Maybe you feel like youll never pay off your credit card debt. Or maybe youre worried about inheriting credit card debt from a relative. Either way, were going to break down exactly what happens to someones credit card debt after theyre gone.
The good news is, there are ways to ditch your credit card debt for goodso it doesnt continue to haunt you or your loved ones.
What Happens to Credit Card Debt When You Die?
In most cases, if someone dies with credit card debt, the remaining balance is paid for out of their estate. (A persons estate is all the assets they ownsuch as bank accounts, houses, cars and other possessions.) But if theres a joint card holder, the credit card debt would automatically become their responsibility.
Its Paid …
Read the full article at: https://www.ramseysolutions.com/debt/what-happens-to-credit-card-debt-when-you-die