Senior credit card debt
Date: Sun, 01/29/2006 - 21:15
Many policies have specific clauses that do not permit the benef
Many policies have specific clauses that do not permit the benefits to be used for paying off debt.Contact the insurance company and they can give you this information.Any other assets they have can be used to pay debt.
Tammie credit card debts can be put in the consolidation prog
Tammie
credit card debts can be put in the consolidation program without the need of any asset requirements. Keep your parents' life insurance away from these credit card debts. They do not have to be used for recovering the credit card payments.
You must help your parents in taking some counseling and control the credit card debts. Stick to the plan and the regular payments will wipe off them off.
Tammie-each state has an Area Agency on Aging that have Benefits
Tammie-each state has an Area Agency on Aging that have Benefits Councelors...you may contact them and ask them questions. They help the elderly understand their benefits such as Medicare, Insurance, etc. They can probably help answer questions about life insurance as well...it is worth a try to call them. The AAoA has tons of resources that most people do not know about, like financial help for the elderly, such as paying gas bills, etc. You may want to call them and just see what kind of help your parents are qualified for since they must be in financial trouble.
