0% balance transfer card

renzotiger

My 'other half' has a credit card bill, she is only paying it off marginally due to the crippling interest. She doesn't have a good enough credit score to successfully apply for a balance transfer card.

Can I apply for a balance transfer card and pay off her credit card bill with it? We have separate bank accounts.

Thanks in advance

Nebulous2

Yes you can. There isn't generally a problem with this. Make sure you get a card from a different lender as you can't generally do transfers within the same group eg MBNA to MBNA. Some people have reported issues which usually seem to be with smaller lenders.

Some things to remember though - the debt then becomes yours. If your other half and you fall out she can walk away leaving you to repay.

LHW99

Wouldn't it be safer for you to pay an extra amount each month into him/her credit card account, to help her/him reduce the debt more quickly?
You could do this online quite easily, the card account payment details are given on the CC statement.

Nebulous2

LHW99 wrote: »

Wouldn't it be safer for you to pay an extra amount each month into him/her credit card account, to help her/him reduce the debt more quickly?
You could do this online quite easily, the card account payment details are given on the CC statement.

I think the intention is to get a 0% transfer card and stop paying the 'crippling interest.'

Doctor_Duke

It would seem a practical thing to do if you ultimately both benefit from less debt as a couple.

Ben8282

So long as you are able to obtain such a card, then yes.
One small word of caution though. You presumably have a good credit record. Your wife has a bad credit record. Think about how this came to be so. Do not pay off the debt on her existing card only for her to go out and run up more debt again.

renzotiger

Thanks for all the info guys, we have measures in place so it never happens again, we just need to get rid of this debt first then we're hunky dory. One last question, is it possible to pay off 2 debts from 2 different lenders with the 1 0% interest balance transfer card?

Vortigern

Yes, you can usually do more than one BT as long as you stay within your limit.

Tesco does not allow a BT from another person's credit card. Both cards must be in the same name.