A number of factors dictate what happens to debt when you die, including whether anyone co-signed on the loan, if the debtor had assets at death and what type of debt they held. The laws also vary from state to state.
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Economic concerns have caused countless people to become more conscious of their spending — resorting to cheap staples rather than more expensive options at the grocery store.
While several banks and lenders have announced mortgage deferral programs, renters have not seen similar payment forgiveness on a widespread scale.
Although there isn’t a lot of centralized assistance available nationwide as of yet, various charities and private companies are stepping up to provide help to those in need.