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Using the credit report as your guide, contact all banks and credit card companies at which the deceased had an open account and close those accounts as quickly as possible. You will need to provide a certified copy of the death certificate to close the account.
When someone dies, their debts are generally paid out of the money or property left in the estate. If the estate can't pay it and there's no one who shared responsibility for the debt, it may go unpaid. Generally, when a person dies, their money and property will go towards repaying their debt.
Unfortunately, ?(Detail Deceased's name) ?passed away on ?(Detail Date)?. I enclose a copy of their death certificate. They didn't leave behind any assets and there is no money to pay what they owe. Please consider writing off this debt because there is no prospect of you ever recovering any money towards it.
However, once the three nationwide credit bureaus ? Equifax, Experian and TransUnion ? are notified someone has died, their credit reports are sealed and a death notice is placed on them. That notification can happen one of two ways ? from the executor of the person's estate or from the Social Security Administration.
Due to certain provisions, some assets may not be included in this process because they don't transfer to the estate, so these won't be used to pay creditors. Typically, a relative of the deceased person is expected to notify any lenders ? including credit card companies ? when that person dies.
Follow these steps for notifying the credit bureaus of a family member's death: 1. Request copies of the death certificate. You will send these to the credit bureaus (as well as any creditors that the deceased may have, that are still unaware of the death).
In addition to contacting credit card companies directly to close out a deceased person's accounts, family members or the executor of the estate can also help prevent fraudulent account use by contacting one of three main credit report bureaus?Equifax, Experian and TransUnion?to freeze the deceased's credit.
The credit card company may request a copy of the death certificate or any paperwork relating to the estate. This is a great opportunity for you to reiterate your request to close the account in writing. If the account is a joint account, the issuer will simply remove your loved one's name from the account.