Quick Answer: Does Credit Card Debt Go Away After Death?

When a deceased person leaves behind debt, like credit card bills, their estate pays off the balances.

That’s because family members of a deceased person are typically not obligated to use their own money to pay for credit card debt after death, according to the Federal Trade Commission.

Do I have to pay my deceased husband’s credit card debt?

In most cases you will not be responsible to pay off your deceased spouse’s debts. As a general rule, no one else is obligated to pay the debt of a person who has died. If there is a joint account holder on a credit card, the joint account holder owes the debt.

What debts are forgiven when you die?

Your estate is everything you owned at the time of your death. The process of paying your bills and distributing what’s left is called probate. The executor of your estate, the person responsible for dealing with your will and estate after your death, will use your assets to pay off your debts.

What happens to credit card debt when one dies?

When the resources are available, the estate pays credit card balances and other debts when someone passes away. This can work out rather well when someone has enough assets or savings to cover all their remaining debts when they die.

How do I report a death to a credit card company?

Notify all credit card companies.

For joint credit cards, you should notify the credit card company that a joint cardholder has died. You should notify the credit card companies by phone, and follow up by mail. First, call the credit card issuer and ask for the department for deceased accounts.