Downs Law Firm, P.C.

debts and claims

Beneficiary designation

Who Pays Credit Card Debt when You Die?

Especially with the average U.S. household having $7,027 in revolving credit card debt and Americans owing a total of $416.1 billion in credit card debt, according to a recent Nerdwallet study, some Americans will have credit card debt for the rest of their lives. However, what happens to credit card debt when you die?

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credit card bills at death

Who Pays Your Credit Cards When You Die?

Unfortunately, credit card debts do not disappear when you die. Your estate, which includes everything you own–your car, home, bank accounts, investments, to name a few–settles your debts using these assets.

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