If a person has a charge card with only his or her name on it and that person dies, who pays the balance?


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Bikergirl Anonymous Profile

That person's 'estate' would pay all debts .. Which means any cash that person has in their bank account, money collected from anything that that person owns would be sold or even insurance money collected would pay for that person's debts. If there is nothing to to satisfy those debts, then the debtholder would be forced to take the loss.

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