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Reply to "Personal loan for assisted living?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]How does the debt go away when the borrower dies?[/quote] +1000000 This doesn't happen OP. [/quote] If there are no assets at the time of death, yes it does. Who would be paying? I do not know who would finance that type of loan but [b]seniors do it with credit card debt[/b] so maybe?[/quote] If they're planning to die in a couple of months? Compare the average credit card limit with the average monthly cost of AL. The math doesn't work.[/quote]
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