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Capitalism will put the bill on your grave and harass your grieving family until they pay

One of my cousins passed away unexpectedly at the age of 35, and had been paying back a loan from the bank. About two weeks after his death, my great aunt received a statement from the bank (his mail was being delivered to her house) about a late payment. She called the bank and explained the situation and the only thing a manager could say was “Well, that’s unfortunate. We can arrange so payments will resume in 30 days, that should be enough time to have already paid for the other arrangements.”

On top of the unexpected $10,000 funeral, cremation and burial bill, my aunt had to finish paying my uncle’s $5,000 loan. She’s a disabled retiree, on a fixed income, and could barely afford to pay for her insulin for diabetes. She nearly lost her home of more than 40 years. Fuck the system.

She didn’t need to pay. When people die, their debts are not their family’s responsibility.

In fact, it is outright illegal to try and collect those debts from a person who didn’t cosign the loan and isn’t executing the will.

Debts and Deceased Relatives

Who is responsible for paying off the debts of your deceased relatives?

Consumer Information

Here’s a link to the detail on that one.

Banks count on people not knowing that last comment so that they can still get money

They really do.

My great-grandmother had her identity stolen before she died at the age of 93, and thousands of charges were racked up on credit cards in her name. After she passed away, they called my mother to try and collect. My mom laughed at them, and told them: “She’s dead, good luck collecting.” The credit card asked my mother, “Don’t you want to clear your grandmother’s debts? Don’t you want to clear her good name?” My mom laughed at them again. “No,” she said. “Because a 90 year old wasn’t watching porn with those credit cards, and her name is fine. Don’t give credit cards to old women likely to pass away soon. This is on you.”

Which is how I learned as a young child to always question collection agents, and to never pay off debts that aren’t your own. They often can’t even collect that money from the estate, if there is one, depending on how you write your will and what kind of account the money was kept in.

DO NOT EVER PAY OFF DEBTS THAT AREN’T YOUR OWN.

If a loved one of yours dies and bill collectors (credit cards, loans, etc etc) start calling you off the hook and request that you pay off their debts, tell them in no uncertain terms to go fuck themselves.

The reason being is that the moment you give them a single penny, that debt is now on YOU because you’ve now agreed to pay it off.

Do not agree to pay off their debt. Do not pass go, do not give them $200.

Boosting this to let people know that if any of these greedy little dog-fuckers start harassing them to pay off a relatives debt the correct thing to do is just tell them to piss off and not pay them a single thing

And that there is NOTHING they can do if you do this

Never, ever, EVER pay so much as a single cent on a debt owed by someone who’s passed away. You make even a single payment and that’s considered you accepting responsibility for the debt, and they can then legally expect you to repay the whole thing.

They’re like vampires - they can’t collect unless you let them in. Don’t invite them in.

DO NOT EVER PAY OFF DEBTS THAT AREN’T YOUR OWN. 

DO NOT EVER PAY OFF DEBTS THAT AREN’T YOUR OWN. 

DO NOT EVER PAY OFF DEBTS THAT AREN’T YOUR OWN. 

DO NOT EVER PAY OFF DEBTS THAT AREN’T YOUR OWN.

and DON’T consolidate your student loans with your significant other!  if something happens to them you are legally on the hook for that money!