What Happens to Credit Card Debt When You Die: Get the Knowledge to Protect Your Assets

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.

A 2016 Experian survey states that about 73% of people die with some combination of credit card debt, mortgage, personal loan, student loan, etc. About 68% of people die with credit card debt of more than $4500, on average.

If you are wondering what happens to your credit card debt after your death or whether your survivors will be liable for it, in most cases, the answer is ‘no.’ Usually, your assets are used to pay any debt you owe.

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.

You may think, who is the executor? If you have a will, then that is a person whom you have named in your will. If you do not choose, it can be a person appointed by the probate court. 

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