How do I write a letter of closure for a credit card?

I am writing this letter to close my credit card account for the following reason: I haven't used the account for quite some time and don't plan to use it in the future. I'm not carrying a balance on this account. Thank you for closing my account promptly.

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Sample Letter to Bank concerning Accounts of Decedent

Letter To Close Account After Death With Credit Card In Houston

Category:

Letters - Legal - Estates

State:

Multi-State

City:

Houston

Control #:

US-0034LTR

Format:

Instant download

Description

This form is a sample letter in Word format covering the subject matter of the title of the form.

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You can send a written request to your credit card issuer directly. Mention the necessary details like your credit card number and other information while sending the request to the authorities. The letter should be logically written politely, stating the reason for cancellation.

Notify the credit card issuer of the death. If the primary cardmember has died, their spouse or the executor of the estate should notify the credit card company as soon as possible to close the account. This can help prevent unintentional use of the card.

Get in touch with the credit card company This is a great opportunity for you to reiterate your request to close the account in writing. If the account is a joint account, the issuer will simply remove your loved one's name from the account. If not, the issuer will close it completely.

If your loved one had credit cards, those credit cards will need to be canceled once they pass away. This is not typically something that automatically happens once someone dies, so it's an important task to complete. Try to get organized beforehand with the names of accounts and passwords.

Credit card debt doesn't go away when the cardholder passes away. It must be repaid from your estate, which means your loved ones may receive a reduced inheritance — or no inheritance at all. Related: What happens to a bank account when somebody dies?

Your credit card liability will be passed on to your estate. Your estate will be responsible for paying off any remaining balance on your credit card. If you do not have sufficient funds in your estate to cover the balance, the credit card issuer may pursue legal action to collect the debt.

Get in touch with the credit card company The credit card company may request a copy of the death certificate or any paperwork relating to the estate. This is a great opportunity for you to reiterate your request to close the account in writing.

I am writing this letter to close my credit card account for the following reason: __ I haven't used the account for quite some time and don't plan to use it in the future. I'm not carrying a balance on this account. Thank you for closing my account promptly.

More info

This article answers frequently asked questions on debt management and communication about debt after a debtor's death. However, to officially close the account, it's smart to follow up in writing.Sample Letter – Asking for a debt write-off when someone is deceased. After someone dies, notify the government programs and businesses they used. Cancel benefits payments and close or transfer accounts. A crucial step in closing your loved one's credit card is reaching out to any authorized users so that they stop using the credit card immediately. The County Clerk's Office records and maintains the records of the Commissioners Court, the Probate Courts, and the County Civil Courts at Law. Keep your personal or small business mail safe with a Post Office Box™ (PO Box™), a locked mailbox within a Post Office™ facility. What is the Credit Human routing number? Official website of the U.S. Social Security Administration.

Letter To Close Account After Death With Credit Card In Houston

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