Credit Card

[Still_Undecided]

Hi All,

My ex partner and I had a credit card that is under my name, but used for family finances that we are currently negotiating.

Unfortunately, the interest free period of this is due to end. Would there be any implications if I was to move the debt onto a new credit card to make the most of a 0% rate?

Thanks

 

[Jumper85]

Sorry, wasn't too clear from the above whether the card currently is a joint account or is it solely in your name?

If it's solely in your name and the debt accrued is marital debt, there wouldn't be any implications. You just need to ensure you keep the clear audit trail (statements) that one credit card paid off the other.

 

[Still_Undecided]

Thanks for your response, yeah it's solely in my name and it martial debt.

Will ensure I keep statements! Thanks!