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Loraine

SHARAEL12
SHARAEL12 Posts: 2 Newbie
in Credit cards
I have a barclay card in my name. I added my daughter on as an additional card holder. The outstanding debt on the card is my daughters. Is there any chance I could take my name off the debt as i am wanting to apply for a mortgage? thank you

Comments

  • Caz3121
    Caz3121 Posts: 15,910 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    As your daughter is just an additional card holder on your account, the debt is seen as yours.
    Your daughter could apply for a balance transfer card in her own name and then transfer the balance to it leaving your account cleared
  • DebtFree14_2
    DebtFree14_2 Posts: 92 Forumite
    In short NO! when you got the additional card you agreed that all additional cardholders are not responsible for the charges made to your account.

    There is no way Barclaycard will allow you to switch. The only thing you can do is get your daughter to get her OWN card and balance transfer onto it. Then close your


    CAZ3121 beat me too it!
    Current Debt
    Net Monthly Pay £2550
    [STRIKE]Barclaycard £0 / £2500 (23.9%)[/STRIKE]
    [STRIKE]Lloyds Credit Card Settled[/STRIKE]
    Lloyds Bank Loan £10200 - £456 / 36months
    Debt Free Dream:01/04/15
  • guesswho2000
    guesswho2000 Posts: 1,703 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Uniform Washer
    As for your Daughter getting another card, note that it can't be a Barclaycard - she won't be able to transfer the debt from you to her if both are issued by Barclays.
  • SHARAEL12
    SHARAEL12 Posts: 2 Newbie
    My daughter needs a credit card to transfer over a balance she has built up on my barclaycard. She is an additional card holder on my barclay card. she has no credit score really as she has only been on the electoral role for 6mths. What card or loan could she apply for with no credit rating? preferably o% balance transfer
  • TadleyBaggie
    TadleyBaggie Posts: 7,054 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    At best she would get a sub prime rate card with a low credit limit, no chance of a 0%.
  • TadleyBaggie
    TadleyBaggie Posts: 7,054 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    I see it's a continuation of this thread.
  • grumbler
    grumbler Posts: 58,629 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Try in MSE's Tool: Check your eligibility for best buys

    For loans see MSE article: Cheap Loans
  • grumbler
    grumbler Posts: 58,629 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    SHARAEL12 wrote: »
    ... Is there any chance I could take my name off the debt as i am wanting to apply for a mortgage?
    How big is the balance? Are you sure that it can affect your mortgage application?
This discussion has been closed.
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