Credit cards and loans owed by the dead need to be repaid. Because there is an heir after death, after inheriting the deceased's estate, all the debts of the deceased need to be borne by the heir. If no one inherits or the heirs give up inheritance, the bank will liquidate the bank assets of the deceased at this time. If it is not enough to repay the debt, it can only be treated as a bad debt. If there is a guarantor, if the lender dies, the guarantor has the responsibility to repay.

Extended data

1. Should I cancel my bank card if someone dies?

You don't have to cancel, but you'd better take out the money. After a person dies, the bank card will not be automatically cancelled. Relatives of the deceased are required to carry relevant certificates and go through cancellation procedures with the bank. If you don't want to cancel, you can continue to use your bank card. Because the bank has no way to know whether the cardholder is dead, it will not automatically cancel the card. If you want to cancel the card, relatives need to bring the cardholder's death certificate, ID card and household registration book before death, and proof of relationship with the cardholder to apply for card cancellation at the bank counter.

Second, how to get a time deposit when a person dies?

To withdraw a dead time deposit, you need to operate according to the actual situation:

1. Know the passbook password and the deposit amount does not exceed 50,000 yuan:

If the deceased tells his family the password of the passbook before his death, and the deposit amount is less than 50,000 yuan, the family only needs to bring the deceased's ID card and my ID card and directly input the password to the bank to withdraw money.

2. I don't know the passbook password:

The deceased did not inform his family of the passbook password before his death. Family members need to go to the notary office to prove their relationship, and then go to the public security organ to apply for a death certificate. Family members have relationship certificates and death certificates, and they can go to the bank to report the loss before they can withdraw them.

3. The withdrawal amount exceeds 50,000 yuan:

If the withdrawal amount exceeds 50,000 yuan, even if the family members know the password of the passbook, they must bring the relationship certificate and the death certificate to the bank, and they can only withdraw money after verification by the bank staff.