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poisonedminds

poisonedminds

Student
May 8, 2021
179
Does anyone know what happens to student loan debt and credit card debt after death? Particularly in Canada.
Will my mom have to pay? Thank you!
 
S

Symbiote

Illuminated
Oct 12, 2020
3,099
It will be taken out of any bank accounts you may have and then the debt collectors will start targeting your family or they just dissolve it
 
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In2TheVoid

In2TheVoid

Pathological
Feb 18, 2021
75
It seems like student loan debt is forgiven
 
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WornOutLife

マット
Mar 22, 2020
7,163
It will be taken out of any bank accounts you may have and then the debt collectors will start targeting your family or they just dissolve it

Yes, I thought that maybe things could be different in other countries but it seems it usually is like that: your family has to pay somehow.
That's why I'm planning not to leave any debts behind.
 
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Curiousoutlook

Curiousoutlook

Born Alone, Die Alone.
May 9, 2021
84
If none of your loan/credit card is co-signed with anyone, they will take whatever assets you have such as real estate, car, cash/bank and if there isn't any, it'll be dissolved. Family's aren't required to pay for other relatives debt.
 
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