just came across this thread..surprised to see many naïve response..Credit card and personal loans, if you die, the debt dies with you..there will be provision to write it off..dont be stupid to get your kids/spouse to settle it off..
car and housing loans are different of course..

Correct me if I’m wrong..this is absolute bs..CC is unsecured lending

This post has been edited by youngblood29us: Apr 3 2025, 02:05 PM

Those losses are immaterial..write off 30-40k against billions of profit has no impact..it’s not like daily people are dying with outstanding cc debts..

Also to add the amount of interest they gained from your outstanding debts..Net impact is still positive

This post has been edited by youngblood29us: Apr 3 2025, 01:58 PM

What if estate is transferred to spouse much earlier? So I don’t think there’s basis to go after estate

In addition what I’m trying to say is banks cannot get back money from kids or wife..they are not obliged to pay

This post has been edited by youngblood29us: Apr 3 2025, 02:44 PM