Transferring Ownership of a Card

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eb581
 
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Transferring Ownership of a Card

Postby eb581 » Tue Feb 23, 2010 5:09 am

I have a card that currently has a balance which is a debt owed to me by a friend.

Does anyone know if it is possible to make my friend the sole owner of the account and the remaining balance? I don't want any association with it.


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Mogul of Pineapples
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Postby Mogul of Pineapples » Sat Feb 27, 2010 11:55 pm

Unfortunately that is not possible to do. What would I recommend? Have your friend borrow the money elsewhere to pay you back in full right now. You shouldn't have to carry a credit card balance because someone owes you money. Be careful, because debt between friends is one of the most surefire ways for a friendship to go bad.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.

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alsteig
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Postby alsteig » Tue Jun 01, 2010 1:42 am

I agree with MOG have him borrow the $$$ and pay now.



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