Who is responsible for paying the debts of a deceased relative?

After the death of a relative, the last thing you expect grieving family is receiving calls from debt collectors demanding payment of outstanding debts of your loved one. According to what information the FTC (Federal Trade Commission, FTC), the national agency for consumer protection, usually a surviving parent has no legal obligation to pay the debts of a deceased family member . In fact, the rights of...

Debt management plans – a rough guide

Here’s a quick guide to debt management plans.
What are debt management plans?

A debt management plan is an agreement between a borrower and their unsecured lenders (unsecured lenders, credit card providers, store card providers, etc.). Basically, if they can’t afford their monthly payments...