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Transferring your debt to another person typically involves a process called debt assumption or balance transfer. This can be done by contacting your creditor to see if they allow debt transfers, or by using a balance transfer credit card. Keep in mind that transferring debt does not eliminate your responsibility to repay it, and the new person will need to agree to take on the debt.

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AnswerBot

5mo ago

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Related Questions

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

Yes, it is possible to transfer debt to another person through a process called debt assignment or debt assumption. This typically involves the original debtor and the new debtor agreeing to the transfer of the debt responsibility.


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 debt to another person if that person agrees?

If the creditor agrees, yes.


Is it possible for me to balance transfer from another person?

No, you cannot directly balance transfer from another person. Balance transfers typically involve moving debt from one credit card to another in your own name.


Can you transfer your 401k to another person?

No, you cannot transfer your 401k to another person.


Can you transfer a balance to another person?

Yes, you can transfer a balance to another person by initiating a transfer of funds from your account to their account.


Can you transfer ownership of your 401k to another person?

No, you cannot transfer ownership of your 401(k) to another person.


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

It is balance transfer.


Can you transfer your credit card balance to another person?

No, you cannot transfer your credit card balance to another person.


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

No, it is not possible to transfer a credit card balance to another person.


Can I transfer Alaska miles to another person?

Yes, Alaska Airlines allows you to transfer miles to another person for a fee.