Comments on: Should I Open Up Multiple Credit Card Accounts for a Balance Transfer?

By: Jamie

Jamie — Mon, 22 Feb 2010 19:10:06 +0000

I have a high credit card balance. ( almost 20K) The balance is spread over 5-6 cards. The majority of the balance has a low intrest rate. I have tranfered balances to get the lowest intrest rates possable. Am I dealing with this correct, since I can’t afford to pay them off quikley?

By: Amanda G

Amanda G — Thu, 29 Jan 2009 15:57:22 +0000

A quick question… in the past my boyfriend transferred one of my credit cards into his name, and i paid him cash for that amount. Now 3 years later…no longer with the same boyfriend, i find a credit balance of 13,000 dollars in collections on my credit report. Is it legal for that credit card company to come after me for the balance, or is he solely responsible. What should i do?

Thanks!

By: The Carnival of Personal Finance #168 | Debit versus Credit

The Carnival of Personal Finance #168 | Debit versus Credit — Mon, 01 Sep 2008 17:04:15 +0000

[...] Should I Open Up Multiple Credit Card Accounts for a Balance Transfer? [...]

By: Carnival of Personal Finance #168 - Fire Up the Grill, It’s Labor Day | One Caveman's Financial Journey

Mon, 01 Sep 2008 12:34:47 +0000

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By: Brian

Brian — Thu, 21 Aug 2008 12:41:35 +0000

Can one person transfer a balance to another person’s card? Allow me to elaborate.

I have two cards in my name. One was obtained 6 months ago to use the 0% balance transfer feature. My fiance has no cards yet and would like to start building some credit as her score is not stellar. Would it be possible for her to get her own card with a balance transfer deal and transfer a balance from one of my cards? Or can someone transfer only between cards with one name on it?

Thanks for your advice on this topic.