How should I proceed with a SBI Credit Card payment after the death of the account holder?

[Kiranpanda498]

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Kiranpanda498
PARTICIPANT
March 22, 2025 at 8:42 am

My deceased father recently had a SBI credit card with a XXXXX debit balance. My mother wants me to pay it off, but I’ve read somewhere that some banks have a policy not to recover from dependents.

Can anyone advise me on what to do in this situation considering SBI rules.

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[Ranieagle620]

R

Ranieagle620
PARTICIPANT
March 22, 2025 at 8:44 am

AFAIK, credit card debt is unsecured. You don’t own anything to bank.

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[Saratseeker418]

S

Saratseeker418
PARTICIPANT
March 22, 2025 at 8:54 am

Unsecured debt doesn’t mean no debt. Any debts must be paid by the inheritors of the estate but liability is capped at the amount inherited.

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[User_cf3ea94e]

U

User_cf3ea94e
PARTICIPANT
March 22, 2025 at 8:54 am

Legally you are not bound to pay.

But morally if you were indirect user of credit taken (partly or fully) then you decide if you should pay or not.

Depends on you.

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[Fierceking7791]

F

Fierceking7791
PARTICIPANT
March 22, 2025 at 9:44 am

Is this true? AFAIK, decendants can’t be forced to pay debts of the deceased from their own money, but they can be held liable to pay the debts from what they inherited from the deceased. So if OP’s father left his family inheritance of any kind, they’d have to pay this debt right? Or does this rule not apply to Credit card debts and only to other forms?

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[User_cf3ea94e]

U

User_cf3ea94e
PARTICIPANT
March 22, 2025 at 12:06 pm

Credit card is unsecured loan. It is risk taken by Credit card company by checking credit score of a person.

Unsecured loans are not easy to recover. There is lengthy process.

Unless amount is big, they will give up recovery after trying for many months. As recovery of just few thousands will lead them to expense of more than that.

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[Fierceking7791]

F

Fierceking7791
PARTICIPANT
March 22, 2025 at 5:29 pm

I agree that a bank might not go through because its more effort than its worth, it will still affect his credit scores right, since he should legally be paying as he would have the inheritance, correct? Would just avoiding collection be the right step?

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[User_cf3ea94e]

U

User_cf3ea94e
PARTICIPANT
March 22, 2025 at 7:18 pm

I don’t think his credit score has any relation to his father’s credit score.

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[Fierceking7791]

F

Fierceking7791
PARTICIPANT
March 22, 2025 at 7:33 pm

But if the debt falls on your head when you have inherited the property, it’s now yours right? Again, I’m not an expert but I’d love to learn how cibil treats this.

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[Fierceking7791]

F

Fierceking7791
PARTICIPANT
March 22, 2025 at 7:36 pm

Did some google searches on this and seems you are right. Credit scores actually does not matter. So I guess non repayment basically depends on how much you wanna spend time dealing with harassment from collection agencies and taking actions against it I guess.

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