After the cardholder dies, his estate must be used to repay the debt. If there is no estate, the debt will disappear automatically, and the bank cannot pursue claims from the cardholder's heirs. Failure to repay credit card arrears will have an impact on the cardholder's personal credit. The cardholder will become a defaulter and be subject to enforcement, and will be restricted from high consumption. Regarding the question of "what to do with credit card debt after someone dies", let me introduce the relevant knowledge to you in detail.

1. What to do if a person dies and owes a credit card debt. If the cardholder has an inheritance, the bank can recover it from his heirs; if there is no inheritance, the debt dies naturally and the bank cannot recover it from his heirs. 1. If the cardholder has inheritance, the credit card debt is also part of the personal estate. Generally, the debt must be paid off first, and then the remaining inheritance shall be distributed. The credit card debt is the debt of the cardholder, so it must be paid off first. The remainder of the debt must be paid back before it can be distributed as an inheritance. 2. If the cardholder has no inheritance, if the cardholder’s card consumption occurs during marriage, the debt borne by the creditor in the individual name of one spouse during the marriage shall be treated as the joint debt of the husband and wife. Therefore, the card holder shall If a person has no other personal property, the other spouse should still continue to repay it.

2. How to calculate overdue interest on credit cards 1. The interest is calculated from the date of consumption, and liquidated damages also need to be paid. 2. When paying the minimum repayment amount, if daily interest is calculated, there will be no liquidated damages. 3. If the repayment amount is less than the minimum repayment amount stipulated by the bank, it will be considered overdue in the end, and daily interest will be calculated accordingly. In addition, there will be liquidated damages. Credit card liquidated damages are generally 5% of the unpaid portion of the minimum repayment amount. , calculated on a monthly basis. Overdue credit card arrears will not only affect your personal credit record, but once you have a bad record on your personal credit report, it will affect future matters including various loan applications, credit card applications, and even going abroad. Therefore, it is recommended that you settle the arrears as soon as possible. Return it to avoid inconvenience to your future life. If the debt is not repaid for a long time, not only will there be high liquidated damages and interest, but in serious cases the bank may also classify this part of the debt as a malicious overdraft. Moreover, the bank will target cardholders who do not repay for a long time. Have the right to judicial prosecution. Once a credit card is repaid beyond the repayment date, it is considered overdue. The overdue interest on the credit card includes penalty and daily interest. The penalty is a penalty of 5% based on the credit card bill, and the daily interest is 50,000% of the daily interest on the entire bill.

Remind you: Regarding the problem of "what to do with credit card debt after death", I will introduce it here. After the debtor dies, he needs to use his estate to repay the credit card debt. Overdue interest on credit cards means that in addition to overdue interest, you also need to pay liquidated damages. Overdue credit card behavior is a civil act and needs to be solved by civil methods. You can explain the situation to the bank that issued the card and apply for installment repayment; you can also borrow money from relatives and friends to repay the debt. If you encounter problems in your future life such as credit card repayments, debt repayments, overdue reminders or interest, etc., it is recommended that you actively communicate with the bank to resolve them. For specific solutions, please click the consultation button to contact the credit and debt professional team to obtain solutions.