Is it possible to transfer credit card balances to others’ credit card accounts?
Posted January 11th, 2010 by admin 6 Comments »
Matt asked:
Situation: Person A has multiple credit card balances on high interest credit cards and Person B has a credit card with a much lower interest rate. Due to a poor credit history, Person A can’t obtain a low interest credit card. They’ve agreed to transfer it to Person B’s low interest credit card and have Person A pay Person B the monthly payments to make it easier to pay down their high interest balances.
Situation: Person A has multiple credit card balances on high interest credit cards and Person B has a credit card with a much lower interest rate. Due to a poor credit history, Person A can’t obtain a low interest credit card. They’ve agreed to transfer it to Person B’s low interest credit card and have Person A pay Person B the monthly payments to make it easier to pay down their high interest balances.
Is this possible?