Quote:
Originally Posted by WillowTheWhisp
If you leave a credit card debt when you die isn't your next of kin responsible for paying it?
Sickness insurance isn't my favourite thing. My late husband had a policy and was advised by the company itself to increase his cover as he was diabetic and liable to be off work with something associated with the diabetes. When he came to be off due to retinopathy he put in a claim and they refused to pay the increased benefit because he already had the ailment when he increased his premiums! Increased them on their advice because he had the ailment!
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Creit card debts are unsecured loans hense the high interest rates, If you leave little or nothing the are the very last to get anything, people who use credit cards as 'stop' gap and pay intrest are unlikely to leave much, They work on the theory that there are more good payers than bad. These days people are more 'wised' up and ignore threatening lettersm its called FITB, (file in the bin)
You should have pushed for a retun on your late relatives insurance, like the man said "nothing more lost."