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If you are terminally ill, would you max out all the credit cards you can, loans, etc. ?
Posted on 4/10/25 at 10:57 am
Posted on 4/10/25 at 10:57 am
Just hypothetically.
I was reading this post on Reddit where this guy has cancer and he knows his time is short.
He applied for and maxed out every card he he could for his children and wife, took out loans to buy then them things, vacations, etc.
Would the creditors come after you when you die?
I was reading this post on Reddit where this guy has cancer and he knows his time is short.
He applied for and maxed out every card he he could for his children and wife, took out loans to buy then them things, vacations, etc.
Would the creditors come after you when you die?
48
Posted on 4/10/25 at 10:58 am to JS87
quote:
Would the creditors come after you when you die?
Wouldn't they just go after your wife?
Posted on 4/10/25 at 10:58 am to JS87
Need to get divorced before racking up community debt
Posted on 4/10/25 at 10:59 am to JS87
quote:
I was reading this post on Reddit where this guy has cancer and he knows his time is short.
He applied for and maxed out every card he he could for his children and wife, took out loans to buy then them things, vacations, etc.
Would the creditors come after you when you die?
sounds like they are going to be asking his wife and kids where the money is?
This sounds like a horrible idea, especially if have a family? Sounds like a fake reddit story
Posted on 4/10/25 at 10:59 am to JS87
My grandpa did this a long time ago and took out credit life on all of them. New car, new appliances, new furniture, all paid off after three months when he died.
Posted on 4/10/25 at 11:00 am to JS87
quote:
He applied for and maxed out every card he he could for his children and wife, took out loans to buy then them things, vacations, etc.
He fricked his wife over badly, as she's on the hook for that community debt.
The kids would be fine, as long as there's nothing else in the estate that would go to them. You can refuse the entire estate, both assets and debts, as an heir. Though you're not allowed to cherry pick the assets.
Posted on 4/10/25 at 11:06 am to JS87
So....a grand larceny spree just before meeting your Maker?
Nah.
Nah.
Posted on 4/10/25 at 11:11 am to JS87
quote:
He applied for and maxed out every card he he could for his children and wife, took out loans to buy then them things, vacations, etc
M
Yea that’s not trashy at all. Due screwed his wife over big time
Posted on 4/10/25 at 11:12 am to JS87
The post on Reddit is a 22 year old with no wife or kids.
In this case, it will work
In this case, it will work
Posted on 4/10/25 at 11:14 am to LordSaintly
quote:
Wouldn't they just go after your wife?
Plausible Deniability reigns supreme
This post was edited on 4/10/25 at 11:56 am
Posted on 4/10/25 at 11:14 am to JS87
I knew an old man who did this.
His wife had died from complications of having been assaulted. They had no children. Also, he was an attorney and knew how to play the game.
He was a bitter old man. He maxed out a bunch of cards and died with a mountain of debt that never got paid off.
His wife had died from complications of having been assaulted. They had no children. Also, he was an attorney and knew how to play the game.
He was a bitter old man. He maxed out a bunch of cards and died with a mountain of debt that never got paid off.
Posted on 4/10/25 at 11:15 am to JS87
It depends on a ton of factors, how much, which credit card company, etc.
The debt will be left to the estate. Depending on how much, a credit card company will employ a recovery attorney to get back their losses if the estate had any value at the time around death.
of course a CC company is not going to waste an attorney time with a few thousand dollars. But if you max everything out and the CC company has a significant loss, best believe they will do anything in their power to get it back from someone.
The debt will be left to the estate. Depending on how much, a credit card company will employ a recovery attorney to get back their losses if the estate had any value at the time around death.
of course a CC company is not going to waste an attorney time with a few thousand dollars. But if you max everything out and the CC company has a significant loss, best believe they will do anything in their power to get it back from someone.
Posted on 4/10/25 at 11:16 am to Stinger_1066
The estate will get sued into oblivion
Terrible idea for your heirs.
Terrible idea for your heirs.
Posted on 4/10/25 at 11:16 am to SulphursFinest
quote:
The post on Reddit is a 22 year old with no wife or kids. In this case, it will work
If he doesn’t have a house or anything, should be fine.
Posted on 4/10/25 at 11:17 am to JS87
No, because that's something a thief would do.
Posted on 4/10/25 at 11:19 am to JS87
quote:
He applied for and maxed out every card he he could for his children and wife, took out loans to buy then them things, vacations, etc.
He's stupid. First, likely community property/debt that wife has to pay (maybe he isn't so stupid after all
). Second, if they knew he was doing it it likely is fraud. They probaboy will be sued and/or prosecuted.This post was edited on 4/10/25 at 12:03 pm
Posted on 4/10/25 at 11:21 am to JS87
Yes I’d go crazy spending money. I’d also commit some crimes.
Posted on 4/10/25 at 11:21 am to JS87
My dad kind of did that. Died of cancer 6 months after diagnosis. Left a $20,000 credit card balance in his name. But he spent it on medical bills and such. In that state, it was not a community debt but his estate did owe it. The house he owned with my mother was also shielded by law. The only thing in his own separate estate was a bunch of old junk. It was a pain for me to deal with though. I had to send proof of the estate assets to the credit card company, and then negotiated it down to about $3,000. The credit card company was actually pretty reasonable to deal with.
I would not do that to my kids/heirs, but he was not thinking very clearly.
I would not do that to my kids/heirs, but he was not thinking very clearly.
Posted on 4/10/25 at 11:24 am to JS87
Getting a strong Breaking Bad vibe here
Posted on 4/10/25 at 11:24 am to JS87
They use to say “make your last check a hot one”. Back when checks were a thing
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