Transfer Credit Card Balance to Partner

Transferring a Credit Card Balance to your Partner

There are several ways to transfer responsibility for a credit card balance from one person to another. While someone could certainly pay your credit card debt on your behalf with a bank account, transferring ownership of the debt itself is more complicated. In order to address the mechanics of transferring a credit card balance to your partner, we should first address some fundamentals of a traditional credit card balance transfer.

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Debt Repayment Methods: Snowball vs. Avalanche

Debt Repayment Methods: Snowball vs. Avalanche

One of the hardest parts about paying off multiple debts is knowing where to start. It can be easy to become overwhelmed and settle with minimum payments across the board, but this leads to being in debt longer and racking up interest and fees. Reprioritizing your debts and pursuing a repayment strategy can help increase your long-term savings and motivation. Two of the most common debt repayment methods are the snowball method and the avalanche method. Although they’re similar in many ways, they can lead to very different results – which one is best for you?

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Talking to Your Partner About Money and Debt

Talking to Your Partner About Money and Debt

Whether you’re just starting a new romantic relationship, are considering tying the knot or have been married for years, you’ve likely discovered conversation topics that you would prefer to avoid. Money and debt are often at the top of our personal “do not discuss” list, which can lead to major problems down the road. In a recent study of divorced individuals, 36.1% of them reported that financial problems were a big contributing factor to their divorce

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Does Debt Relief Hurt Your Credit?

Let’s say you’ve decided that debt relief is the right choice to help you pay off your debt. As you learn more about the debt relief process, you start wondering how it could affect your credit score. If it could leave a negative impact, should you still use a debt relief service? Here’s what you need to know about debt relief’s effect on your credit score, plus some tips on improving your score in the long run.

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