TRANSCRIPT:
Voiceover: As the recession drags on, more and more Americans are having a difficult time making ends meet.

David Jones, president, Association of Independent Consumer Credit Counseling Agencies (AICCCA): “We’re seeing people with a lot of debt these days. More than they have had in the past.”

Voiceover: And it’s hitting older Americans especially hard. According to a survey by the Federal Reserve, about half of all households headed by someone aged 55 to 64 carry credit card debt. And more than a third of those headed by someone aged 65 to 74 are also carrying credit card debt.

It’s an issue, Jones says he’s seeing more these days…

Jones: We’re also seeing a shift of difficulties with older Americans. They’re reaching retirement age or have already retired, so, yeah, it’s a serious problem.”

Voiceover: If an older parent or spouse dies, sometimes they leave some of that credit card debt behind. So who is responsible for paying it off?

Elder law attorney Ron Fatoullah: The debt does not die when they die. Their estate would have to pay off their debts… certain things get paid off first… There’s funeral expenses, that’s a priority. There’s administration expenses to administer the estate. Of course, the US federal, state, local taxes get paid.

Voiceover: Here are the basic rules… If a card was in an individual’s name only, then only that individual is responsible for the debt. If the account is a joint account, then the surviving account holder is responsible. If someone is an authorized user but not a joint account holder then that person is not responsible for the debt. The exception to the rule is in states with community property laws.

Fatoullah: During the lifetime of the husband and wife, the assets are considered each other’s. And as they grow, it’s their joint asset — that’s the community property aspect of it. So when one of the spouses dies, in many of the community property states, the surviving spouse, whether it’s a husband or wife, will be responsible for the debt of the deceased spouse.

Voiceover: If there’s not enough money in the estate to cover the debt, Fatoullah says it’s tough luck on the creditors.

Fatoullah: Credit card companies can call, they can cry, they can moan, but those debts will not be paid

Voiceover: Still, Jones says, it doesn’t always stop credit card companies from trying.

Jones: Collectors will do almost anything to collect the debt. That’s their job, so consumers need to understand that and not be intimidated. That’s the big thing: Do not be intimidated by threats at all.

Duration : 0:2:58

Technorati Tags: credit card debt, death, debt, money, Personal Finance

Duration : 0:2:7

Technorati Tags: bankruptcy, credit card debt, credit help, debt, Debt Negotiation, debt relief, debt settlement, iva, Personal Finance, settlement

http://www.DebtReliefVideos.com helps people who are struggling to pay off credit card debt, medical bills, or other unsecured debt, and are wondering if debt settlement can help them avoid Bankruptcy. Many people are seeking reliable information about their debt relief options from a reputable, trusted, debt reduction expert with real experience.

http://www.DebtReliefVideos.com offers a free 10 video credit card debt Relief series by Sonia Hawkins, a Certified Debt Specialist, who answers her clients’ most frequently asked questions. Since 2006 Sonia has helped over 1,000 clients with over $30 million in total debt. She especially looks forward to seeing YOU on the road to being debt free!

Sonia will personally answer your call and your questions at (800) 864-4120.

Duration : 0:2:57

Technorati Tags: Avoid Bankruptcy, bankruptcy, Bankruptcy Attorney, bankruptcy filing, card, consolidate, consolidate debt, consolidation, consumer credit counseling, counseling, credit, credit card consolidation, credit card debt, credit card debt consolidation, credit card debt relief, credit card settlement, credit consolidation, credit counseling, debt, debt counseling, debt reduction, debt relief, debt settlement, debts, reduction, settlement, tasc, tasc certified, unsecured debt

http://www.DebtReliefVideos.com helps people who are struggling to pay off credit card debt, medical bills, or other unsecured debt, and are wondering if debt settlement can help them avoid bankruptcy. Many people are seeking reliable information about their debt relief options from a reputable, trusted, debt reduction expert with real experience.

http://www.DebtReliefVideos.com offers a free 10 video credit card debt Relief series by Sonia Hawkins, a Certified Debt Specialist, who answers her clients’ most frequently asked questions. Since 2006 Sonia has helped over 1,000 clients with over $30 million in total debt. She especially looks forward to seeing YOU on the road to being debt free!

Sonia will personally answer your call and your questions at (800) 864-4120.

Duration : 0:2:29

Technorati Tags: Avoid Bankruptcy, bankruptcy, Bankruptcy Attorney, bankruptcy filing, card, consolidate, consolidate debt, consolidation, consumer credit counseling, counseling, credit, credit card consolidation, credit card debt, credit card debt consolidation, credit card debt relief, credit card settlement, credit consolidation, credit counseling, debt, debt counseling, debt reduction, debt relief, debt settlement, debts, reduction, settlement, tasc, tasc certified, unsecured debt

Duration : 0:0:55

Technorati Tags: credit, credit card debt, debt, debt consolidation, finance, Loan Consolidation, money

Duration : 0:14:23

Technorati Tags: consolidate credit card debt, credit card debt, credit card debt relief, credit card settlement, dealing with debt collectors, debt collection agencies, debt collection harassment, debt collections, debt collectors, eliminate credit card debt, FDCPA, paying off credit card debt

Today we’re helping to fill the need for efficient legal solutions. In addition to an expanding searchable knowledge database, our systems automatically re-route designated issues to our global law team when the need arises. We provide thorough up-to-date advice on commonly-faced legal issues in over 26 international jurisdictions including the United States. We put the expertise and resources of a global law firm to work for you.

Our founding shareholder board included leading international lawyers from the U.S. and abroad. The board worked closely with our premiere global team of Czech and Finnish computer programmers, British software analysts, and Internet systems specialists from the United States, Finland and Japan.

We’re delighted that you’re considering us here at World Law Debt Settlement to help solve your financial issues. We look forward to providing you with the highest quality solutions as part of our Attorney backed program.
Highlights

• Founded in 1998 by partners from leading international law firms.
• World Law Direct is the leading interactive provider of U.S. and international legal solutions; specializing in complex international law matters for U.S. Fortune 500 and international clients.
• First automated system in the world to address over 4000 common legal issues.
• Google ranks World Law Direct number one for “online legal advice” out of more than fifteen million searched sites. July 2004 through January 2009.
• Thousands of visitors assisted daily.
World Law Debt Settlement provides the following bundled services during the first 30 days of enrollment:
• Contract Review
• Insolvency Analysis
• Attorney letters of representation sent to creditors
• Pre-Bankruptcy screening and analysis
• Asset Information Collection and Preservation analysis
• Fair Debt collection practices act education course and collection of violation incidents
• Litigation preparedness program including evaluation of effective creditor collection options
• Access to World Law Groups library of legal forms and information.

Duration : 0:6:9

Technorati Tags: bankruptcy, consumer credit counseling, credit card debt, debt attorney, debt consolidation, Debt Negotiation, debt settlement, finance

If you are suffering form a a ton of credit card debt it might be in your best interest to speak with a non-profit credit counseling agency for receive a free debt analysis.

Duration : 0:2:1

Technorati Tags: bad credit, bill consolidation, bill problems, christian credit counseling, christian credit counselors, consumer credit counseling, consumer credit counselors, credit, credit card debt, credit cards, credit counseling, credit counselor, credit counselors, debt, debt consolidation, debt help, debt management, debt relief, money problems, non-profit

Duration : 0:1:9

Technorati Tags: consolidate credit card debt, credit card debt, credit card debt relief, credit card settlement, eliminate credit card debt, paying off credit card debt

Duration : 0:2:15

Technorati Tags: CACrecoun922, CAinthenews, Consolidated Credit Canada, consumer credit counseling, credit card debt, credit counseling services, debt counseling, debt management, Money management Canada, Personal Finance