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You guys might also have this question so Im posting it here with a good answer too. It comes from amanda who asks:

My 22 year old brother passed away, a few days after, my mom called Citi to cancel his credit card and the lady she talked to said that Citi will write-off the balance (approx $950 in which he normally paid off balance monthly). The Citi lady just asked the for the date and county he died in to check the facts.Now, a month later, the bill was received anyway and now Citi is saying that that is not their policy and the balance is due and they are not putting the $400+ in cash rewards toward it. All they are doing is making this difficult time even worse. Does anybody know what is going on and what is their real policy?

Answer: Im so sorry about your brother. *big hugs*Depends. If his account had some sort of protection on it that he paid on either yearly or monthly (like Repayment Protection Insurance), then the debt will probably be dissolved by Citibank.

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Today’s top news headlines feature the details of new investigations into a number of mortgage lawsuits brought against lenders and figures that reveal more college graduates may see new jobs come their way. Plus, find out how small businesses are faring in the economy.

FDIC Investigates Banks’ Mortgage Lawsuits The Huffington Post The Federal Deposit Insurance Corporation is currently examining a number of mortgage lawsuits currently pending against banks and lenders, which may result in a loss of billions to the institutions. Most of the lawsuits stem from the robo-signing controversy, which shed light on the faulty and improper foreclosure practices many lenders were found to have employed. However, many separate lawsuits have also been brought against banks for issues related to both federally-backed and non-federal loan modification programs.

Small Businesses Increase Wages, Reduce Hiring Reuters A recent survey reveals small businesses hired fewer employees in June than they did in May, but also increased employees’ wages during that same time period. The I

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List all of your interest rate on each credit card and calculate the sum. Debt consolidation services can reduce it significantly. Overall, the credit card debt consolidation program is an excellent financial tool to get you out of deep debt trap and solve your pocket.

Are you looking for a debt relief option? Do you have bad credit history? There are many options available online today to help you eliminate your debts. You can use debt settlement, a debt consolidation service, a credit counseling service or a credit card debt consolidation to take care of your debts. While sliding the credit card is a very convenient way to pay without using any type of paper money, he has led many average consumers into a financial crisis. You should probably not choose this option for that reason alone, however. But there are many benefits of the debt consolidation program.

You will have reduced amount of debt with little interest rates. Read more…

Today’s top news headlines feature career advice to workers who have been diagnosed with a long-term illness and reasons many Americans are not celebrating the nation’s two-year ‘economic recovery’ anniversary. Plus, find out why many employers now consider the 40-hour work week part-time hours.

‘End Of Recession’ Anniversary Met With Little Enthusiasm The Associated Press Although the recession officially ended two years ago, many Americans continue to struggle with unemployment, underwater mortgages, foreclosure and insufficient income. Economists say the percentage of employee wages and benefits that make up the economy fell to an all-time low, dropping from 64 percent in the mid-2000s to its current 57.5 percent.

40-Hour Week Considered Part-Time In Employers’ Eyes The Huffington Post The Center for American Progress recently released a report showing Americans now work more hours than they did three decades ago – and for less pay. As a result, th

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The latest statistics from the Warren Group, a Boston-based real estate tracking company, showed the total number of homes seized for nonpayment in the Bay State slipped to just 454 in May, according to a report from the Boston Globe. This was a drop of 65 percent from the 1,294 observed during the same month in 2010.

In addition, the number of foreclosures in the first five months of 2011 declined to 2,566, the report said. That marked a 58 percent dip from the same period last year.

However, experts warned that these improvements were likely not the result of Bay Staters being more conscientious about paying their delinquent home loan bills, the report said. Instead, many lenders in the state have simply slowed the rate at which they file this type of action, and the number of foreclosures could spike again in the near future.

“Delayed foreclosures are masking the reality of the market,” Vincent Valvo, editor in chief of Banker and Tradesman, which is published by Warren Group, told the newspaper. “Le

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With credit scores being more important than ever, debit fees on the rise and the changing need for credit as life goes on—we’re here to offer you the best advice the web has to offer. Take a look at this week’s selections to get a good read on where you stand, or where you would like to stand in the world of credit. As always, if you enjoy any of our favorite bloggers, we encourage you to follow them on Twitter for regular updates. And don’t forget to follow Credit.com at @CreditExperts.

Credit Scores: Is 750 the New 680? A new report shows that 46% of all loans in the first quarter were given to those with credit scores over 750.  If you’re looking for a credit score boost to compete in this strict new financial world, take a look at the tips in this article. @Time @RE_Rookie

Study: Credit Card Issuers Can Do More on Safety Javelin Strategy & Research announced that credit card companies could make account and identity protection a lot safer with a little effort. It goes on

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