What happens to your loans if you pass away?
in Banking, Insurance & Loans ·
My wife took out a loan from a payday lender to help her mother, who was running a small business at the time; since my wife was technically listed as a part-time employee for her mom’s shop back then, she didn't actually pocket any of the cash, she was just trying to be there for her family. Fast forward to now, the business went under, the payments stopped, and now the lender is coming after my wife in court. She’s currently blacklisted from getting credit, isn't working, has zero income, and we're living with my parents because she doesn't own a single thing to her name.
Is there any actual chance a judge would order me, as her husband, to pay off this debt using my own paycheck?
Is there any actual chance a judge would order me, as her husband, to pay off this debt using my own paycheck?