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Need help peeps!
happyhaddock_2
Posts: 425 Forumite
Hi all, as you know my dad passed away suddenly and I have been trying to sort out his affairs:(.
He had a credit card that my mum was a secondary cardholder on and, after contacting the bank and sending them the death cert they have written to me today saying that they have now amended the title of the account to my mum. They are asking if the estate will be able to clear the amount outstanding, but there is no estate (sheltered housing, on benefits).
Please can anyone tell me what will happen to the debt, is my mum now liable for this amount (£13,000.00:o) or will it be written off?.
Many thanks:)
He had a credit card that my mum was a secondary cardholder on and, after contacting the bank and sending them the death cert they have written to me today saying that they have now amended the title of the account to my mum. They are asking if the estate will be able to clear the amount outstanding, but there is no estate (sheltered housing, on benefits).
Please can anyone tell me what will happen to the debt, is my mum now liable for this amount (£13,000.00:o) or will it be written off?.
Many thanks:)
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Comments
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Sorry to hear of your loss, i know how hard it can be as I've been though it myself. Since there is no estate no payments is made and your dads name is taken off the card. The other [strike]card[/strike] account holder, your mum, is now liable for the balance in just her name.
Its the same with all joint accounts, both account holders are liable to repay the full amount, there is no 50/50 split. So if one holder dies or goes missing they can peruse the other holder for the amount in full.Although no trees were harmed during the creation of this post, a large number of electrons were greatly inconvenienced.
There are two ways of constructing a software design: One way is to make it so simple that there are obviously no deficiencies, and the other way is to make it so complicated that there are no obvious deficiencies0 -
they can not have from your mum what she has not gotGRADUATED FIRST CLASS WITH HONORS FROM THE SCHOOL OF HARD KNOCKS RECOMENDED READ IF BY RUDYARD KIPLING0
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If she was just an additional card holder rather than a signatory to the original agreement, then she is not personally liable for the debt and the bank is not entitled to switch it into her name.
Can only be paid from the estate, if anything comes out of it.Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB
IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed0
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