Do you have a Coppel debt? Many Mexicans turn to credit or even cash loans from the department store, but in the long run, interests they are consuming them to such a level of over-indebtedness.
A common problem is not considering the monthly budget when contracting these financial commitments or interests that increase the amount that the borrower must finally pay, thus exceeding their borrowing capacity, delaying credit payments and debts that stain the credit history in the Credit Bureau.
However, many people will wonder, what happens if they die before having settled their debt? Will my children, partner or parents have to take care of the debt? Read on to find out.
What happens to your Coppel debt if you fail?
What debtor It is important that you know that there are certain debts that in the event that the owner or person responsible for the account dies, the debt becomes the responsibility of close relatives.
However, if you have a debt in Coppel, it will not be inherited to a close relative, but there is something you should know. According to Coppel, “if you have a debt from the Coppel store area, this debt is cancelled, but for this some requirements are necessary that your relatives must deliver.”
Credit cards and mortgages are obligations that are settled or paid automatically if the holder who contracted said obligation dies. This happens as long as it is not the spouse or the executor with the obligation to pay off the debt.
The financial entities give in their services the benefit that the heirs are free to pay the debt that they have at the death of the person, it is a kind of insurance that has an extra cost.
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