Will I be liable for my mom's debt if she passes with nothing in her name.

[AnTabolic73]

I dunno, I'm sure creditors lose out on a shit of money when people die, all the time.

like casinos, you run the risk of paying out jackpots from time to time, but they're still winning.


now if she dies before the charge even goes through, then its fraud. if I had a terminal disease, and docs said I have 6 months to live, why the hell would I wanna take an 800 credit score to the grave.

in the off chance I recover or there's some miracle cure discovered, I'd be fucked, but who cares.

 

[AnTabolic73]

I sure as hell am doing this for my kids when I die.

 

[penche]

It's not the right thing to do at all OP. Believe me it will come back to you in karma.

I was 68k deep in credit cards, shit was rough that year. Some of my debts got sold to debt collectors, some sued. Guess what I did for a whole year. Learn Law! Such as federal debt collection practices act and other state consumer laws. I fought back like an attorney, Pro
Se, defended myself. Filing answers, motions, affidavits, notaries, visiting the court house. I learned a lot but fuck what a headache and my credit was fucked. I won some, lost some and settled some.

Still in shock you posted this on a open forum. Sorry I can't help you steal, it's not the right thing to do

 

[insaiyan93]

Is this a joke? Holy shit.....

 

[The Rock]

My mother is 67 and isnt in the best shape. She has a paid off house, assets and amazing credit. She is slowly transferring EVERYTHING into my name while she is still in good shape. I figure after its done I should have her use her credit cards to remodel my house, buy some toys for me, etc since she wont be needing credit where she is going. If at the time of her passing she is completely broke (on paper since everything has been transferred to my name and she is dying without a will or estate). Will the credit card companies still come after me to pay off the debt? Remember my name is not on any of those credit cards not do I co own as assets with her. Im thinking why let her credit go to waste when I get some money out of it that I wont be paying back.

Brilliant


Sent from my iPhone using Tapatalk

 

[MindlessWork]

It's not the right thing to do at all OP. Believe me it will come back to you in karma.

I was 68k deep in credit cards, shit was rough that year. Some of my debts got sold to debt collectors, some sued. Guess what I did for a whole year. Learn Law! Such as federal debt collection practices act and other state consumer laws. I fought back like an attorney, Pro
Se, defended myself. Filing answers, motions, affidavits, notaries, visiting the court house. I learned a lot but fuck what a headache and my credit was fucked. I won some, lost some and settled some.

Still in shock you posted this on a open forum. Sorry I can't help you steal, it's not the right thing to do

LOL you should have gone to law school. Much respect for doing what you did, though..debt collectors are a shady racket. Smart move for settling your debts through all means possible. Have you ever filed for BK?

 

[AnTabolic73]

who are we to judge the op, right?

but what if it was the other way around? what if he's been taking care of his mom in her final years and didn't put her in a home or hospice and did all the caring himself. and just cherishing the time he had left with her, and then she suggested doing the credit scam?(if we can even call it a scam)

 

[MindlessWork]

who are we to judge the op, right?

but what if it was the other way around? what if he's been taking care of his mom in her final years and didn't put her in a home or hospice and did all the caring himself. and just cherishing the time he had left with her, and then she suggested doing the credit scam?(if we can even call it a scam)

If the shoe was on the other foot it would be just as bad IMO as it would been his mom that was doing the shady stuff instead OP.

Even if he used her money to pay for all her care and then walked away it sounds rather off.

 

[AnTabolic73]

any of you guys watch Mr. Robot?

there was a line in it"give a man a gun he can rob a bank, give a man a bank, he can rob the world"

these mofos been robbing us for years fuck em. I got pre qualified for a mortgage 3.65 rate I go out and find a house, rates are now 4.00!? wtf! threw a wrench in my whole shit. fuck the banks.

 

[penche]

LOL you should have gone to law school. Much respect for doing what you did, though..debt collectors are a shady racket. Smart move for settling your debts through all means possible. Have you ever filed for BK?

There was ~8 total credit cards. Settled with 3 major ones for 30% each one, then I was broke.

The others I fought hard. I actually sued one for consumer claims and they dropped eveything, removed the delinquent account from my credit report. I didn't get money but I got leverage.

2 other's filed against me in court, I filed an answer with a counterclaim. Then I filed a motion for private contractual arbitration binded by the credit card contract. I payed my arbitration fees as a consumer which is only $250. Then the debt collector gets a bill for $500~1K from the arbitration company cuz they're a business and their binded by the contract cuz they bought the debt . Both bailed out and wanted me to settle for nothing, and both removed themselves from credit report. 1 other was harassing and I wrote a letter CMRR verbating every federal and state consumer law they fuked away. Received a letter stating they would remove themselves from my credit report if I did not file a claim against future plaintiff, cool, no problem on to the next big fight.

Last one kicked my ass and gave me no time to file motions in the court. Flooded me with discovery motions and paperwork I was drowned. Sent an email if they wanted to settle, they agreed after several counters. Then settled before summary judgment upon me.

2 yrs later my credit score is back up from a 550 to 685. Beat an attorney with leverage.

 

[MindlessWork]

There was ~8 total credit cards. Settled with 3 major ones for 30% each one, then I was broke.

The others I fought hard. I actually sued one for consumer claims and they dropped eveything, removed the delinquent account from my credit report. I didn't get money but I got leverage.

2 other's filed against me in court, I filed an answer with a counterclaim. Then I filed a motion for private contractual arbitration binded by the credit card contract. I payed my arbitration fees as a consumer which is only $250. Then the debt collector gets a bill for $500~1K from the arbitration company cuz they're a business and their binded by the contract cuz they bought the debt . Both bailed out and wanted me to settle for nothing, and both removed themselves from credit report. 1 other was harassing and I wrote a letter CMRR verbating every federal and state consumer law they fuked away. Received a letter stating they would remove themselves from my credit report if I did not file a claim against future plaintiff, cool, no problem on to the next big fight.

Last one kicked my ass and gave me no time to file motions in the court. Flooded me with discovery motions and paperwork I was drowned. Sent an email if they wanted to settle, they agreed after several counters. Then settled before summary judgment upon me.

2 yrs later my credit score is back up from a 550 to 685. Beat an attorney with leverage.

A lot of work but it sure paid off in the end for you. You should be a CEO or something with your skills haha.

 

[T_verde77]

They can't go after you but they will go after her estate. And that includes retirement accounts, life insurance and whatever else u may be inheriting. you're not fuking over the creditors... you're fuking over the person who needs a credit card to get by for the month. the interest rates will rise to cover the loss....and this is why our economy is shit because people take advantage of the system instead of just working hard to make it.

 

[Sk8man101]

There was ~8 total credit cards. Settled with 3 major ones for 30% each one, then I was broke.

The others I fought hard. I actually sued one for consumer claims and they dropped eveything, removed the delinquent account from my credit report. I didn't get money but I got leverage.

2 other's filed against me in court, I filed an answer with a counterclaim. Then I filed a motion for private contractual arbitration binded by the credit card contract. I payed my arbitration fees as a consumer which is only $250. Then the debt collector gets a bill for $500~1K from the arbitration company cuz they're a business and their binded by the contract cuz they bought the debt . Both bailed out and wanted me to settle for nothing, and both removed themselves from credit report. 1 other was harassing and I wrote a letter CMRR verbating every federal and state consumer law they fuked away. Received a letter stating they would remove themselves from my credit report if I did not file a claim against future plaintiff, cool, no problem on to the next big fight.

Last one kicked my ass and gave me no time to file motions in the court. Flooded me with discovery motions and paperwork I was drowned. Sent an email if they wanted to settle, they agreed after several counters. Then settled before summary judgment upon me.

2 yrs later my credit score is back up from a 550 to 685. Beat an attorney with leverage.

Damn bro, you need your own thread! My girl has some student debt how do I get out of it?? Haha

 

[Hotrods12]

You must have some coin. His mother should have every penny taken from her that would be passed on to her children while the mega wealthy pass on fortunes that will guarantee that their next 20 generations will want for nothing?

I understand what you are saying. The last time I saw my mother she couldn't remember my name. That was thanksgiving this year. I'm not thinking about money, but I am certain that this man's mother never had the tax loopholes that the wealthy use to protect their fortunes.

I did get money from my Dad when he passed my mother kept it till I was 18, she went out west for 2 months to see my sister, lets just say when she got back I had alot of toys I didnt need but wanted and did alot of paying and partying with friends, so the remainder of the money I gave back to her and used over those early years to help raise my two girls, I had a job but not a good one, so that helped feed them and me and my ex forsure, but I wouldnt of cared If I got nothing, no money at all because my Dad was turly my best friend, and the money my mother had, we didnt want any of it, so she traveled with a friend and had fun till she couldnt anymore, so before she died we definitely made sure she had fun with the money she had. It really does suck Big_Paul to see your parents hurt, mine were heroes to me, and always will be, I hope you get to spend sometime with your mother and treasure the moments, while shes still with you. I knew nothing about the rich and the loop holes your talking about, please explain whenever you have a second, thank you

 

[Hotrods12]

Family will always be worth more than money, your family took care of you, now is the time to pay your dues and take care of your family.

Fucking right, thats the way it should be when your family needs you

 

[Sampei]

What If the mother is the one that wants to do this for her son?

I mean you are all a bit to judgemental. He is not talking about throwing his mother down. Hill while spending her money. He asked a question about how he could use her credit before she pass away.

It's a damn legit question, just this is the wrong fucking place

Take some cash find a good lawyer and fucking ask him that question. Pay him up to help you do it in a way that you don't get caught. Profit.

 

[flenser]

At her age I doubt anyone will give her life insurance and I am getting about $400k from her but I dont want to piss away the $100k or so I could squeeze out of credit cards that she wont back pay on. Its basically free money I would be throwing away if she passes away with perfect credit and no debt like she is right now.

The IRS could come after you BEFORE she passes, and not just on CC income. If she is spending a lot of money on you or your estate, you can expect some scrutiny around the same time the insurance gets settled if not sooner. If there is significant debt involved, it's possible you will face a civil suit from her lenders, and the amount you have to pay them will not change what the IRS considers income from the money she gives you.

My family will inherit some 128 bit numbers and some GPS coordinates 3 years after I die. If I have sufficient forewarning of my death, I will have no problem going into debt to finance another account or hole in the ground. The lenders are fine loaning a terminal patient money in exchange for a claim on the estate which usually results in larger than agreed upon returns, and far less going to heirs than intended. The laws are quite complex, and the lenders are very good at taking advantage of those laws.

I never really thought of maximizing someone's inheritance from the perspective of the one receiving the inheritance before. On the surface it seems a little creepy, but it's actually just being responsible. I don't know anyone who doesn't want to leave something of value behind for their loved ones. But there are a lot of hands waiting to go through a dead man's pockets.

 

[gr8whitetrukker]

The IRS could come after you BEFORE she passes, and not just on CC income. If she is spending a lot of money on you or your estate, you can expect some scrutiny around the same time the insurance gets settled if not sooner. If there is significant debt involved, it's possible you will face a civil suit from her lenders, and the amount you have to pay them will not change what the IRS considers income from the money she gives you.

My family will inherit some 128 bit numbers and some GPS coordinates 3 years after I die. If I have sufficient forewarning of my death, I will have no problem going into debt to finance another account or hole in the ground. The lenders are fine loaning a terminal patient money in exchange for a claim on the estate which usually results in larger than agreed upon returns, and far less going to heirs than intended. The laws are quite complex, and the lenders are very good at taking advantage of those laws.

I never really thought of maximizing someone's inheritance from the perspective of the one receiving the inheritance before. On the surface it seems a little creepy, but it's actually just being responsible. I don't know anyone who doesn't want to leave something of value behind for their loved ones. But there are a lot of hands waiting to go through a dead man's pockets.

Why 3 years?

 

[flenser]

Why 3 years?

That's how far back a tax audit can go. After that anything received will be taxed as regular income. That's assuming it gets reported at all, of course, but no one in my family would ever dream of evading taxes...

 

[johntt44]

It's not a victimless crime, the debt is just passed on to fellow consumers(us). The bank NEVER takes the loss! You could be adding debt to someone else whose mother could also be dying. You really want your mother's last act on earth to be screwing over others? Really? If you're getting 400k just do your best with that. I don't understand the mentality of stealing from others especially when there's no need.