What happens to credit card debt when you die is a question that may seem difficult to answer. The last thing you want to do is leave your heirs with unwanted liability from unpaid credit card debt.
Here is the first thing to know – your creditors can’t pursue credit card debt payments after your death. However, never think that death is the ultimate solution to credit card debt relief. There are lots of other ways to get rid of credit card debt.
-Stop Using the Card-Make a List of the Outstanding Credit Card Accounts-Notify the Creditors and the Credit Bureaus-Clear the Outstanding Credit Card Debt
After your death, your assets are used to repay your credit card debt. Then, the remaining assets are distributed to your heirs. The executor of your estate takes care of all these things.
That means that your estate is insolvent. In this situation, your heirs may have to repay your credit card debt. However, it depends on several factors.