Can My Mom Pay My Credit Card Bill?

Can I pay someone else’s Amex bill?

Can I pay a bill on someone else’s behalf.

Yes, you can make a payment for someone else through American Express EPAY.

You just have to add the name of the payee to your list and provide the account information..

What happens if my parent dies with debt?

“When someone dies, all debts need to be collected and paid out of the deceased estate before anyone receives any benefits. All assets that come into the hands of the executor or administrator are regarded as available for the payment of debt,” says Professor Prue Vines from UNSW Law.

Can a parent pay off a credit card?

Advice From Professional Financial Advisors Others suggest that you loan your son or daughter the money to pay off their high-interest credit card debt, then they’ll pay you back monthly with little or no interest.

Should I pay off my parents credit card debt?

A: In most cases, children are not responsible for their parents’ debts after they pass away. However, if you are a joint account holder on any credit cards or loans, you would be liable for paying off the amounts due.

Can I pay someone with credit card?

Whether you were at a recent celebration or had to borrow money for an emergency, you’ve probably found yourself needing to pay your friends back at some point. If you don’t have enough cash on hand, don’t fret: You can pay a friend with a credit card, though it may cost you in fees.

Can a friend pay off my mortgage?

Making a direct contribution to someone else’s mortgage is the easiest way to pay the mortgage of a third party. … Whoever pays the mortgage receives the tax deduction for mortgage interest. The homeowner will no longer be able to claim deductions for payments that you made, but you will.

How can I pay my credit card bill from another bank?

Pay Your Credit Card Bill From Another BankStep 1 – Go to Credit Card Issuer’s Bill Desk. Almost every major bank has an online portal to make a credit card bill payment from another bank’s savings account. … Step 2 – Fill all Required Details. … Step 3 – Your Credit Card is Almost Paid!

Can I buy my own debt?

So while you cannot buy your own debt, you can often get your debt discounted with lenders, collection agencies and debt buyers.

Can I pay off someone else’s debt?

Debts can be paid by pulling out a new loan and co-sign on it. … Then simply sign the loan or credit card agreement to “buy” the debt. You can also use a credit card to pay off someone else’s debt. If you have good credit and can get a good interest rate, transfer the debt to your card to pay off.

Can another person pay my credit card bill?

You will need to provide your bank account’s routing number and account number for payment. … And, the cardholder may need to confirm authorization for another person — who isn’t on the credit card account — to make a payment toward the account balance.

Can my friend pay off my credit card?

The answer is yes, you can pay someone else’s credit card bill.

Am I responsible for my parents debt when they die?

When a person dies, his or her estate is responsible for settling debts. If there is not enough money in the estate to pay off those debts – in other words, the estate is insolvent – the debts are wiped out, in most cases. … The good news is that, in general, you can only inherit debt if your signature is on the account.

Do I have to pay my deceased mother’s debts?

What happens to your debt after you die? The general rule is that your debt, whether it be a mortgage, private loans, credit card debt or car loans, will need to be paid back. In most cases, the appointed executor of the estate will use the deceased’s assets to see to this.