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transfering my credit card debts onto parents 0% card??

hi could some1 help me out here, ive got about £900 on 3 credit cards, my parents have offered to put the balances from my cards on to a card in their name as they have a good credit rating, (and i dont) and can probably get a 0% card. but is this possible to do? and if so how? please reply, need to sort it asap xx

Comments

  • bella123
    bella123 Posts: 209 Forumite
    yes it is possible,once your parents get the 0% card ,they can then transpher the balance from your cards to theirs .
    .
  • funschine
    funschine Posts: 101 Forumite
    My boyfriend did that for me too. It was easy peezy. He just did a balance transfer with my card details. Now the 0% offer is up so I am in the process of transfering it back to a new card. Now my debt will be back under my name and both my bf and my credit ratings are good. I had bad credit rating and swtiching to my bf name helped me recover!
    To help your credit rating, make sure you are registered to vote at the address you are currently living at.
    Happy to be happy
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