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  • anotherpaul
    • #2
    • 4th Feb 09, 12:30 PM
    • #2
    • 4th Feb 09, 12:30 PM
    Will I be able to transfer the balance from one of his cards to mine?
    Originally posted by purpleparrotuk
    Yes, you will. Consider the fact that the debt will become legally yours and you will have sole legal responsibility to pay it back. This may not be a concern to you, but it's worth at least thinking about.

    On the online application form it asks what credit cards I have (not for balance transfer purposes). So I assume I leave this blank apart from a car loan I have?
    Originally posted by purpleparrotuk
    Yes
  • Moggles
    • #3
    • 4th Feb 09, 12:31 PM
    • #3
    • 4th Feb 09, 12:31 PM
    You can switch credit card balances from family, friends or Dave down the pub. You should be aware though, that the person whose card his balance is shifted to, becomes solely liable for the debt.

    From the lender's perspective, it's not a problem. At the end of the day, the card company is after your business. They're not really interested in knowing who ran up the debt, as long as you, their customer, pay up on time each month!

    Caution: you cannot transfer balances between cards underwritten by the same bank.) This table on the stoozing site (which is sponsored by Money Saving Expert) should help:

    http://www.stoozing.com/cards.htm
    People who don't know their rights, don't actually have those rights.
  • Robert_Sterling
    • #4
    • 4th Feb 09, 12:32 PM
    • #4
    • 4th Feb 09, 12:32 PM
    Yes in principle but only to the extent of your credit limit which may be lower than that of your husband.
    ...............................I have put my clock back....... Kcolc ym
    • stelly
    • By stelly 4th Feb 09, 5:02 PM
    • 386 Posts
    • 1,803 Thanks
    stelly
    • #5
    • 4th Feb 09, 5:02 PM
    • #5
    • 4th Feb 09, 5:02 PM
    Hi

    Ive a similar question to above. I have 1 credit card Lloyds tsb which i have had for years balance £3050 and as i only work 10 hrs a week i expect it will be quite hard to apply for a new one. My husband has never had one and so he wanted to get a card in his name and transfer the balance of mine onto his hopefully getting a 0% deal.

    1. He is an additional cardholder on mine does this count as having a cc?
    2. If not will this go against him? (we do have a mortgage and joint loan)
    3. Can you balance transfer from lloyds tsb to halifax now that there owned by same people?

    Thanks
  • anotherpaul
    • #6
    • 4th Feb 09, 5:19 PM
    • #6
    • 4th Feb 09, 5:19 PM
    1. He is an additional cardholder on mine does this count as having a cc?
    Originally posted by stelly
    No, I believe not.

    2. If not will this go against him? (we do have a mortgage and joint loan)
    Originally posted by stelly
    I would suspect it won't be a problem. Note that if you have a joint loan, you can linked finances, and he will be credit scored at least in part on your history (and you on his).

    3. Can you balance transfer from lloyds tsb to halifax now that there owned by same people?
    Originally posted by stelly
    Yes, I asked them recently and you still can.
    Last edited by anotherpaul; 04-02-2009 at 5:31 PM. Reason: typo
    • stelly
    • By stelly 4th Feb 09, 5:27 PM
    • 386 Posts
    • 1,803 Thanks
    stelly
    • #7
    • 4th Feb 09, 5:27 PM
    • #7
    • 4th Feb 09, 5:27 PM
    Thank you.
  • anotherpaul
    • #8
    • 4th Feb 09, 5:31 PM
    • #8
    • 4th Feb 09, 5:31 PM
    You're welcome.
  • anotherpaul
    • #9
    • 4th Feb 09, 7:03 PM
    • #9
    • 4th Feb 09, 7:03 PM
    I have three credit cards, they have not been used for years. My husband has three but one is due to finish the fixed rate next month. If I apply for one to transfer his on to do I say I have three cards with nothing on them. Basically what I am trying to say will they give me a card if it looks like I have nothing to transfer.
    Hope this makes sense.
    Originally posted by lrlrip
    That sounds reasonable. However, it would be worth checking the status of your dormant cards (either phone them and ask or check you credit file). Some companies close dormant cards if you don't use them for a certain amount of time - they may have done this and not told you.

    I doubt it'll make a lot of difference to your new card, but it might help in putting accurate information on the application.

    Oh, but do you have any joint accounts or loans? If you do, you're financially linked and they will score you on your joint history.
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