2nd card Holder

Super_Seagull · 12 October 2006 at 9:44AM

My mother is 87 and has a number of credit cards of which my wife and I are 2nd card holders.

When she unfortunately passes away will her debts die with her or will the card companies chase my wife and I for repayment, assuming that she does not leave sufficient to pay off the cards.

Super_Seagull · 12 October 2006 at 9:55AM

I think it is a legal answer that I need, at this moment.

sdj25 · 12 October 2006 at 9:57AM

What credit cards does she hold?

Super_Seagull · 12 October 2006 at 10:07AM

Tesco, Sainsburys, Capital One, MBNA,Halifax, BAA

Sainsburys. Halifax & BAA are all Bank of Scotland.

I am 2nd card holder on Tesco Sainsburys Cap One and Halifax
My wife is 2nd holder on the others.

sdj25 · 12 October 2006 at 10:19AM

I am presuming your mother did not keep a hold of the Terms & Conditions. Read them:

Tesco | Halifax | Cap One | MBNA

If they don't tell you I'd be very surprised.

(as you said, Halifax / BAA / Sainsbury's are HBOS, so I just included halifax's)

Super_Seagull · 12 October 2006 at 10:38AM

They all say that they will take the steps required under law to obtain payment. They all also say that the main card holder is responsibkle for all debts incurred by the 2nd card holder. It would appear therefore that upon the death of the 1st card holder the card becomes invalid and the balance due would be taken from the estate of that card holder assuming that they had sufficient estate to pay it. What happens if they don't? There is no mention in the terms and conditions of the 2nd holder being responsible for any of the debt.