Jobs & Education1 min ago
car debt
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hi all, my mum who passed away on the 5th november aged 57 had brought a car and had paid roughly 2 1/2 years off with a year and a half left to pay. the bloke who she got the car off doesnt do anything by the book and so keeps going to my sister now for the monthly money, he is very arrogant and not very helpful at all. we have just heard that if someone dies before the debt has finished then the debt dies with that person. is this right and if so what can we do about it please? many thanks and a happy christmas to you all. xx
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No best answer has yet been selected by dorindarasbe. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.A debt does not die with the person.
Debts have to be paid out of the estate. If a person died penniless with absolutely no assets, then there is very little the lender can do
In this case, your mother left at least a car. That is an asset and the lender could insist the car is sold to pay off the debt.
Debts have to be paid out of the estate. If a person died penniless with absolutely no assets, then there is very little the lender can do
In this case, your mother left at least a car. That is an asset and the lender could insist the car is sold to pay off the debt.
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