Bailey Jay, Family, and Get Money: Cancel Your Credit Card Before
A lady died this past January, and the bank billed
her for February and March for their annual service
charges on her credit card, and added late fees and
interest on the monthly charge. The balance had
been $0.00 when she died, but now somewhere
around $60.00. A family member placed a call to
Here is the exchange
Family Member: am calling to tell you she died
back in January
Bank The account was never closed and the late
fees and charges stil apply.
Family Member : 'Maybe, you should turn it over to
Bank: 'Since it is two months past due, it already
Family Member So, what will they do when they
find out she is dead?'
Bank: 'Either report her account to frauds division
or report her to the credit bureau, maybe both!'
Family Member 'Do you think God will be mad at
Bank: 'Excuse me?'
Family Member: 'Did you just get what I was
telling you -
the part about her being dead?'
Bank: 'Sir, you'll have to speak to my supervisor.'
Supervisor gets on the phone:
Family Member 'I'm calling to tell you, she died
back in January with a $0 balance.
Bank: 'The account was never closed and late fees
and charges still apply.'
from her estate?'
Bank (Stammer) 'Are you her lawyer?'
Family Member 'No, I'm her great nephew.
(Lawyer info was given)
Bank: 'Could you fax us a certificate of death?'
Family Member 'Sure. (Fax number was given)
You mean you want to collect
After they get the fax
Bank: 'Our system just isn't setup for death.
I don't know what more I can do to help.
Family Member 'Well, if you figure it out, great!
If not, you could just keep billing her. She won't
Bank: 'Well, the late fees and charges do still
(What is wrong with these people?1?)
Family Member: 'Would you like her new billing
Bank: That might help...
Family Member: 'Odessa Memorial Cemetery
Highway 129, Plot Number 69.'
Bank: 'Sir, that's a cemetery !
Family Member: 'And what do you do with dead
people on your planet?
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
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.