credit card, is it allowed

chelly1972

hi guys,
i have 2 c cards which im now paying interest on, and cant get another 0%, due to me having a default on my credit file ( which i didnt no about and have now paid), question is can my husband, who has a great credit score and no c card, apply for c card and balance transfer my debt onto his 0% c card when he gets one, thanks

JakeGreen

He'd have to apply for a card issued by a different company to your credit cards. Apart from that I don't see any other issues. That is assuming they will give him a 0% card in the first place.

grumbler

JakeGreen wrote: »

He'd have to apply for a card issued by a different company to your credit cards....

It would be more correct to say "by a different group (supplier)": http://www.stoozing.com/cards.php

E.g. BOS and Halifax are different companies from the same group.

CLAPTON

if your husband doesn't have a CC already then he doesn't have an excellent credit record
it's relatively unlikely he will get a 0% deal if he doesn't already have a CC

thenudeone

Yes its possible, but some lenders eg Santander, do not allow balances in others' names to be transferred, so he would need to check.

but these two things contradict each other:

who has a great credit score and no c card,

He won't get a good 0% offer if he doesn't have a recent track record of successfully managing a credit card account.

AmIBeingRobbed

To do this, your husband must truly love you !!!!!

Fruit_and_Nut_Case

This question of doing a balance transfer between two people comes up so often. Would it be worthwhile making a "Sticky" thread about it? On the other hand, if there are too many stickies the other threads will be pushed to page 2.

Thoughts anyone?

thenudeone

A similar question gets asked at least once a day, so it would be worth a sticky IMO.

Another one which comes up just as frequently is - Why have I been charged interest on my purchases when I paid them off in full (when I have 0% offer which remains outstanding).

There is no guarantee a stick would actually be read, though.

But at least anyone asking could be pointed straight at the sticky rather than the forum filling up with the same answers again and again.

StirlingDave

The wrong question is being asked here.

Different banks have different policies on whether you can do a balance transfer from someone else's credit card.

The most important question to ask if whether, by transfering the debt from one person to another, this will create a linkage in your credit files. If so, you're in danger of your default appearing on your husband's excellent credit record.

I'd be checking with the provider the exact details of what happens with the balance transfer and the impact it will have on your credit file. Only the provider will really give you that information in a way you can trust.

grumbler

StirlingDave wrote: »

Different banks have different policies on whether you can do a balance transfer from someone else's credit card.

Most providers allow this, although there are exceptions.

The most important question to ask if whether, by transfering the debt from one person to another, this will create a linkage in your credit files. If so, you're in danger of your default appearing on your husband's excellent credit record.

It will not create any association.
Only joint credit accounts do, that isn't the case here.

I'd be checking with the provider the exact details of what happens with the balance transfer and the impact it will have on your credit file. Only the provider will really give you that information in a way you can trust.

Waste of time.

StirlingDave

Different providers have different policies and most allow it but with some exceptions mean the same thing surely. Therefore, checking with your provider isn't so much a waste of time but important to see if they are the exceptions.

The one time I tried to do this I was told I would need to add the other person as a second cardholder. They wouldn't answer the question of whether this would be linked on the credit report (they claim they couldn't comment as they didn't produce the credit report, I suspect they weren't wanting to lose a transaction by commenting).

The minimal amount of effort involved in asking is well worth exerting to know if a default could be linked to the husband's account. Preparation is important and if the bank knows it's not in your wider interest to make the transaction, they'll make it if they know it's in theirs.