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May 7, 2025 at 3:15 pm in reply to: What happens to ones Credit card`s outstanding balance, emi and credit card loans on event of the person`s death? #1035
Happyninja2148
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Happyninja2148
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May 7, 2025 at 3:15 pm

This actually helps. Thank you 🙏
May 7, 2025 at 1:15 pm in reply to: What happens to ones Credit card`s outstanding balance, emi and credit card loans on event of the person`s death? #1031
Happyninja2148
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Happyninja2148
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May 7, 2025 at 1:15 pm

If we transfer the property wouldn’t they be liable as it becomes inherited?
May 7, 2025 at 11:36 am in reply to: What happens to ones Credit card`s outstanding balance, emi and credit card loans on event of the person`s death? #1034
Happyninja2148
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Happyninja2148
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May 7, 2025 at 11:36 am

The wife of the deceased spoke to the branch manager who asked to deal this with the credit card department. She has mailed and spoke to the credit card department as well, who then bluntly denied.
May 7, 2025 at 11:19 am in reply to: What happens to ones Credit card`s outstanding balance, emi and credit card loans on event of the person`s death? #1030
Happyninja2148
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Happyninja2148
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May 7, 2025 at 11:19 am

We did try and also asked for moratorium of interest calculation. Bank bluntly denied and said the interest calculation cannot be stopped until the debts are cleared.
May 7, 2025 at 11:12 am in reply to: What happens to ones Credit card`s outstanding balance, emi and credit card loans on event of the person`s death? #1023
Happyninja2148
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Happyninja2148
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May 7, 2025 at 11:12 am

This asset might be enough to cover only the debt. Without this they will not have any future.
May 7, 2025 at 10:30 am in reply to: What happens to ones Credit card`s outstanding balance, emi and credit card loans on event of the person`s death? #1024
Happyninja2148
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Happyninja2148
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May 7, 2025 at 10:30 am

Thank you for concern. But this is one behalf of a friend who passed away unexpectedly due to heart failure. The family is still mourning for the loss and unable figure out their daily expenses, children`s education and aging parents medical aids. They have funds to repay any of the debts.
May 7, 2025 at 10:14 am in reply to: What happens to ones Credit card`s outstanding balance, emi and credit card loans on event of the person`s death? #1025
Happyninja2148
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Happyninja2148
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May 7, 2025 at 10:14 am

The person has not left any savings except for a residential plot which is still in his name. But it is the only future for his children.
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Viewing 7 posts - 1 through 7 (of 7 total)