Transferring from his to mine

Avatar for mymartes
iVillage Member
Registered: 03-26-2003
Transferring from his to mine
21
Fri, 06-10-2005 - 2:48pm

I need some adive........I just got an offer in the mail, on one of my credit cards. It's 2.99% for the life of the balance. My husband has a credit card with interest at 22% it has a balance of at least $4000.00 I am so tempted to transfer his balance onto my credit card. However, I am a little hesistant at the same time.

As alot of you know, our credit card debt is from his past affair at least three years ago. It was $40K and now it's at $19K.

Should I just transfer the money to my c/c at 2.99% for life of balance or keep it on his c/c which is at 22%?

Thanks in advance.

MYM

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iVillage Member
Registered: 03-27-2003
Wed, 06-15-2005 - 7:07pm

Good for you, MYM. I think that's a very wise decision. His credit score will gradually improve, and in the meantime you still have your stellar rating.

And thanks for posting here, too. Sadly, I rarely have time to read through the check-in threads and so I regret that I often miss important member news--like this, for instance.

Thanks.

Heather

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