What Happens to Credit Card Debt When You Die?

[hegemony]

http://www.cnbc.com/id/48737150

 

If you're only an authorized user, you're not liable when the cardholder dies. If you co-signed as a joint cardholder, then you just got a new credit card debt.

 

B.S.

 

you did not receive a "new" debt.

[Burgerwars]

Hypothetical: Lets say you're a good friend of Bob. Bob was such a good friend that he let you be an authorized user on his super-exclusive American Express Black/Diamond/Gold/Palladium/Kryptonite card with a $1,000,000 limit.

 

Bob was walking outside his house and got mauled by a wild elephant. He's rushed to the hospital but his prognosis is grave. To sooth your pain about Bob who may soon no longer be with us, you buy fancy cars, clothes, jewelery and hundreds of thousands of dollars of cash advances on his card. The next day Bob passes on. The medical bills wipe out Bob's estate.

 

Could American Express still go after you?

[BobWang]

Gonna take a lot more than that little spree.

[road2freedom]

Why are we killing off Bob?

[Burgerwars]

Why are we killing off Bob?

 

It's just an easy name to spell.

[mmmagique]

I think something is hinky here.

(Bob...you might wanna watch your back...)

[Violentb01]

First thing I thought of when I read this thread was this:

 

Credit Boards Con Artist

[cashnocredit]

Oh yeah. Amex is special. Amex counts both the member and AUs responsible for the AU's debt.

[cashnocredit]

First thing I thought of when I read this thread was this:

 

Credit Boards Con Artist

 

Yeah. Me too. Quite different though. She was an unAU.

[Violentb01]

First thing I thought of when I read this thread was this:

 

Credit Boards Con Artist

 

Yeah. Me too. Quite different though. She was an unAU.

 

True, but she should be held accountable for every penny spent after what she did. Fraud is fraud no matter what.

[hegemony]

somewhere AFNI employees are laughing

[MarvBear]

First thing I thought of when I read this thread was this:

 

Credit Boards Con Artist

 

 

You are the rudest, most unkind, worthless piece of crap poster, we've had around in a long long time. How dare you try to re-title a thread or mis-characterize a forum member. I could just as easily give you an extremely unflattering title just underneath your screen name for the entire board to see. I would expect an apology to be forthcoming to our membership base.

[Violentb01]

somewhere AFNI employees are laughing

 

That is the first time I've actually laughed outloud browsing these boards.

[Violentb01]

First thing I thought of when I read this thread was this:

 

Credit Boards Con Artist

 

 

You are the rudest, most unkind, worthless piece of crap poster, we've had around in a long long time. How dare you try to re-title a thread or mis-characterize a forum member. I could just as easily give you an extremely unflattering title just underneath your screen name for the entire board to see. I would expect an apology to be forthcoming to our membership base.

 

That's polite of you.

 

This article linked in the first post and the one I linked do share a common theme. Thanks a bunch for the compliments.

[ICANHASMUNY?]

First thing I thought of when I read this thread was this:

 

Credit Boards Con Artist

 

 

You are the rudest, most unkind, worthless piece of crap poster, we've had around in a long long time. How dare you try to re-title a thread or mis-characterize a forum member. I could just as easily give you an extremely unflattering title just underneath your screen name for the entire board to see. I would expect an apology to be forthcoming to our membership base.

 

That's polite of you.

 

This article linked in the first post and the one I linked do share a common theme. Thanks a bunch for the compliments.

 

 

you know, she was making purchase and payments on the card for 5 years.... and to the best of my knowleddge, she still is.

 

she's just in financial trouble and having a hard time making the payments, and asked a stupid question.

 

that Cb'r has gotten some good advice in that thread , if you read thru and ignore all the garbage posts .( like yours. )

[MarvBear]

First thing I thought of when I read this thread was this:

 

Credit Boards Con Artist

 

 

You are the rudest, most unkind, worthless piece of crap poster, we've had around in a long long time. How dare you try to re-title a thread or mis-characterize a forum member. I could just as easily give you an extremely unflattering title just underneath your screen name for the entire board to see. I would expect an apology to be forthcoming to our membership base.

 

That's polite of you.

 

This article linked in the first post and the one I linked do share a common theme. Thanks a bunch for the compliments.

 

 

And your overdue apology?

[jabroni8218]

Oh yeah. Amex is special. Amex counts both the member and AUs responsible for the AU's debt.

 

I wonder how legally enforceable that is.

 

(Contracts are not always 100% enforceable despite language when challenged in a court of law, just 'sayin.)

[BobWang]

When I've added AUs by telephone, the CSR almost always emphasized that the AU is agreeing to pay their own charges, if I don't.

[Creditus Maximus]

When I've added AUs by telephone, the CSR almost always emphasized that the AU is agreeing to pay their own charges, if I don't.

 

How is the AU agreeing, though? Through use of the card? Maybe there is something in the cardholder agreement, buy generally you (main cardholder) cannot bind a third party (AU) unless there is an agency relationship.

[BobWang]

It's in the Cardmember agreement for AUs.

 

The AU can always decline, and ask to be removed.

 

BTW, all I asked of my AUs was that they pay their own charges.

[LKH]

First thing I thought of when I read this thread was this:

 

Credit Boards Con Artist

 

 

You are the rudest, most unkind, worthless piece of crap poster, we've had around in a long long time. How dare you try to re-title a thread or mis-characterize a forum member. I could just as easily give you an extremely unflattering title just underneath your screen name for the entire board to see. I would expect an apology to be forthcoming to our membership base.

 

That's polite of you.

 

This article linked in the first post and the one I linked do share a common theme. Thanks a bunch for the compliments.

 

Nothing you have said in re: to the OP of the thread you linked to has been anywhere near polite. I've already reminded you once, now Marv has. If we have to remind you again to keep to the TOS, your member status here will be gone.

[Cosmos Human]

First thing I thought of when I read this thread was this:

 

Credit Boards Con Artist

 

 

You are the rudest, most unkind, worthless piece of crap poster, we've had around in a long long time. How dare you try to re-title a thread or mis-characterize a forum member. I could just as easily give you an extremely unflattering title just underneath your screen name for the entire board to see. I would expect an apology to be forthcoming to our membership base.

 

I totally agree with you Marv. If someone said that about me...well those be fighting words! I hate when people are disrespectful to others.

[Labyrinthine]

First thing I thought of when I read this thread was this:

 

Credit Boards Con Artist

 

 

You are the rudest, most unkind, worthless piece of crap poster, we've had around in a long long time. How dare you try to re-title a thread or mis-characterize a forum member. I could just as easily give you an extremely unflattering title just underneath your screen name for the entire board to see. I would expect an apology to be forthcoming to our membership base.

 

I would just like to point out that General Forum has a few good ideas about what his "title" should be. We are creative and kind like that. Consider it our community service