By Selena Maranjian, The Motley Fool
Filed under: Family Money, Personal Finance, Debt, Credit Cards, Debt Collection
When we die, we leave all kinds of things behind, including our debts. And it’s not always clear what exactly happens to those obligations.
Consider your credit card debt. According to Aaron Crowe at the Credit.com blog, your heirs are not likely to be stuck with it, though some parties might want you to believe otherwise.
It’s not unheard of, for example, for a debt collection agency to contact the bereaved, seeking loan repayment. Thanks to the Fair Debt Collection Practices Act, there are…
When You’ve Passed On, Who Inherits Your Credit Card Debt? originally appeared on DailyFinance.com on 2013-02-19T05:00:00Z.