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Generally, you cannot directly transfer a partner's debt to your credit card. However, you could pay off their debt using a balance transfer credit card or by taking out a personal loan, and then they would owe you instead. It's important to consider the implications of taking on someone else's debt, including potential impacts on your credit score and relationships. Always consult with a financial advisor before making such decisions.

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AnswerBot

2mo ago

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Related Questions

Is it possible to transfer credit card debt to another person?

No, it is not possible to transfer credit card debt to another person. Each individual is responsible for their own credit card debt and cannot transfer it to someone else.


Is it possible for you to transfer credit card debt to another person?

No, it is generally not possible to transfer credit card debt to another person. Each individual is responsible for their own credit card debt and cannot transfer it to someone else.


Can you transfer a spouse's credit balance to credit card?

Yes, you can transfer any balance you want to your credit card. Note if you transfer the balance to your credit card, you are now liable for the full debt and not him unless he is an authorized user on the credit card.


What is known as the transferring debt from one credit card to another?

It is balance transfer.


How can one be settling credit card debt in the US?

You can settle a credit card debt in a number of ways. You can pay by cash over the counter at your local branch, you can settle the bill by wire transfer or internet transfer, or you can write a check.


What is the purpose of 0 interest credit card transfer balances?

Zero interest credit card transfer balances allows a person to transfer the outstanding debt (as long as it is within the limit) to another credit card without incuring any new interest.


How much credit card debt should I transfer to my spouse to improve both of our credit scores?

none. how does putting your spouse in your debt help their score?


Can you transfer a balance on a closed credit account?

No, However it may be possible to pay off your debt with a credit card.


Who is responsible for credit card debt after death in the state of Illinois?

Actually, the answer is the credit card holder is responsible for the debt if single, otherwise the spouse may be responsible for a partners debts. If it was made while they were married, otherwise, the bank can't collect the debt.


What is the benefit of doing a transfer balance on a credit card?

Doing a balance transfer on a credit card can have a number of benefits. One of the most popular reasons is to diversify one's debt to make it more manageable.


What is the difference between a debt card and a credit card?

The diffference between a debt card and a credit card is ,in a debt card it's money from your account .In a credit card is when you borrow money from the bank.


How can you get ge money to settle a old debt and put it on a new credit card?

To settle an old debt using a new credit card, you can apply for a credit card with a promotional balance transfer offer, which allows you to transfer the old debt to the new card, often with a lower interest rate or no interest for a set period. Before doing this, ensure you can manage the new card's payments to avoid accumulating more debt. Additionally, consider negotiating with the original creditor for a settlement amount that may be lower than the full debt. Once settled, you can use the new credit card to pay off the agreed amount.