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balance transfers
Lemar
Posts: 1 Newbie
in Credit cards
my partner has got a poor credit history. At present he has a Barclaycard, which he is paying huge amounts of interest on. I wondered if i could take out a credit card with 0% interest on balance transfers and transfer his debt onto my card. I would be grateful if any one could advise me.
0
Comments
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You can switch credit card balances from friends, family or Dave down the pub.
Please bear in mind though, the person whose card the balance is shifted to, becomes soley liable for the debt. If you were to fall out, you couldn't ask the card company to charge him for any remaining balance.
From the lender's perspective, it's not a problem. Customer services may ask you for the name on the account, but this is purely an additional verification check. 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!People who don't know their rights, don't actually have those rights.0
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