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Posts about “Loans”

A loan is any money owed to another person, service provider, or business. Loans are often an effective way to afford something quickly. They can also be tricky if you’re not careful. Unfortunately, many people don’t pay their loans off before they pass away. This creates a burden that falls onto the individual's estate at their time of death. Family members might be left picking up the pieces of these loans to tie any loose ends. To learn more about debt after death and what happens to loans, review Cake’s library of articles.