Do You Have to Pay Off Credit Cards of the Deceased?

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Paying off the credit cards of a deceased person is usually only required if someone has acted as a cosigner or co-borrower on the credit card. Consider hiring an attorney if a credit card company pursues a deceased person's estate with advice from a financial adviser in this free video on credit cards.

Part of the Video Series: Credit Cards & Personal Loans
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Video Transcript

Hi, my name is Matt McKillen. I'm with Innovative Financial Group. I had a curious question post to me today, "Do you have to payoff a credit cards for deceased family member?" Well, let's face it, unless you are a joint co-signor on that card or that personal loan, in all reality you never received the funds and you never promised to pay that account back to the bank. Now when someone passes away, sometimes they go through what's called a probate situation and what that is, is that's basically a time frame setup by the court for any claims against that person or their estate to be settled and paid out. So really it's up to the due diligence of the credit card company to pursue, pursue any legal action against the estate during that probate period. But as a whole, no, if you did not co-sign as a co-borrower on that loan or that credit card, there's no legal way or recourse that the credit card company could come after you as a relative for that account if someone passes away. The rest of it really would have to be handled by the estate planning attorney. Again, my name is Matt McKillen and I am with Innovative Financial Group.


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