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What makes you a co-signer on a credit card account and liable for the debt when the person who initiated the account dies? |
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Someone who becomes a co-signer for a financial transaction is pledging to be responsible for the debt if the primary borrower defaults. FYI, an authorized user of a cc account is not the same thing, and is not responsible for the cc debt.
First answer by Nikki. Last edit by Nikki. Question popularity: 38 [recommend question]
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Answers.com > Wiki Answers > Categories > Business and Finance > Personal Finance > Money Management > Credit > Credit and Debit Cards > What makes you a co-signer on a credit card account and liable for the debt when the person who initiated the account dies?
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Co signer on credit account? If you have a card from your husbands account is that your debt too? What happens to a credit card debt when the person dies in new york? Your late husband had a credit card debt without your name on the account Are you liable?
