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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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.
