After death if credit cards are written off per a credit report, is the estate still liable for debt pursued by a collection agency?

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After death if credit cards are written off per a credit report, is the estate still liable for debt pursued by a collection agency?

Asked on September 27, 2018 under Estate Planning, Massachusetts

Answers:

SJZ, Member, New York Bar / FreeAdvice Contributing Attorney

Answered 5 years ago | Contributor

If the accounts were sold to the collection agency before they were written off, then yes: in that case, the credit card issuer takes what (generally, dimes or sometimes pennies on the dollar) it was paid for the accounts and writes off the rest, but the collection agency, which purchased the accounts, now has the right to pursue the claims.


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