This can be divided into two situations, depending on whether you have an inheritance.
1. If the person who owes you the money on the credit card is no longer alive and does not have any inheritance in his name, then the bank may not collect the debt from your parents, because there is no law in our country that requires the son to pay the debt to the father. But if you have a spouse, and the money owed on the credit card is used for the daily expenses of the two of you, then your spouse must pay off the debt for you, and because your overdue payment will affect your spouse's credit, because after marriage, the couple is * **Enjoyed.
Credit card debts will not affect family members, because credit cards have personal limits based on personal credit status. After the cardholder dies, the bank will first deduct the relevant arrears from the deceased's repayment account. If the account balance is insufficient, the bank can take legal proceedings and have the court enforce the execution of the personal property in the name of the deceased and all property held by the deceased. The portion belonging to the deceased is used to repay the debt. In addition, if a family member inherits the deceased's estate, they need to repay the deceased's debts, but they can bear the repayment responsibility within the scope of the inherited estate. If a family member relinquishes their inheritance rights, they do not need to pay the debts of the deceased.
2. If you pass away after owing money on your credit card and have real estate, cars, etc. in your name, your heirs will help you repay the debt. If the heirs give up the inheritance, the bank will transfer your inheritance to Auction and freeze the money in your bank card, then settle the auction money and the money in your bank card, deduct the money owed to the credit card, and the excess may be handed over to the treasury or given to your heirs. If the heir is a spouse, even if the spouse does not give up the inheritance, the estate will be auctioned off to repay the debt if the debt is not repaid.
:The consequences of overdue credit card repayment
The consequences of overdue credit card repayment are serious, so overdraft consumption should be moderate. Although the biggest feature of a credit card is its overdraft function, it actually constitutes a lending relationship between the customer and the bank. Failure to repay when due may not only cause legal disputes, but also bear high penalty interest. Most importantly, it will form a bad credit record, which will have a negative impact on future work and life.
1. Consequence 1 of overdue credit card repayment: high penalty interest. After a credit card defaults, the penalty fees usually involved are recurring interest fees and late payment fees. Revolving credit is essentially a small, unsecured loan that accrues interest on a daily basis. If the full amount is not repaid on the final payment date, revolving credit interest will accrue on the next statement, and the interest will be charged from the date the consumption is recorded. Calculate interest.
Legal basis: Article 1159 of the "People's Republic of China and Civil Code" When dividing an estate, the taxes and debts that the deceased should pay according to law shall be paid off; Heirs who are unable to work and have no source of income shall retain necessary inheritance.
2. Consequence 2 of overdue credit card repayment: legal disputes. Violent debt collection on credit cards has become a hot topic. Many bank credit card centers outsource credit card repayment collection to some so-called "debt collection companies." These companies vary in quality and use rough debt collection methods, causing great trouble to customers.
3. The third consequence of overdue credit card repayment: leaving a "credit stain" in the national credit reporting system. As long as you have applied for a card or taken out a loan at a bank, your own "credit report" will be automatically generated in the system. The "stains" in this report cannot be ignored. It will affect the application for various types of loans and insurance. , job hunting, studying abroad, etc. Bad records are generally retained abroad for 7 years. Citizens’ overdue negative records will no longer remain with them for life. If they can repay their loans on time and in full for five consecutive years, their credit will be clean.