You may be forever in debt of relatives
I BELIEVE readers can benefit from the following information taken from Death Debts, That’s Life!
When a loved one dies, it’s possible you may be left something to remember them by.
Alas, for 24 per cent of people in the UK it’s a debt of about £1,450, according to research by Perfect Choice Funerals.com.
Excluding mortgages, 61 per cent of inherited debts were from credit cards, 54 per cent from bank loans, 32 per cent from store cards, 25 per from overdrafts and 18 per cent from payday loans.
Yes it’s a sad fact of life, debts don’t vanish when someone dies!
In the past, there were no credit cards, store cards, payday loans etc.
Then people lived according to their means!