2006-11-15 01:16:35 · 7 answers · asked by Anonymous in Business & Finance ➔ Credit
yes it is..........all to do with the credit scoring system....if the other company has stricter guidelines they can refuse the transfer
2006-11-15 08:18:52 · answer #1 · answered by jeff c 3 · 0⤊ 1⤋
I Think It Depends On Your Circumstances, Lets Just Say You Are Wanting To Change Credit Card Providers Because You Want To Take Advantage Of A Better Deal Being Offered Of Say 18 Months 0% On Balance Transfers For Example. Providing There Is No Other Reason For Your Current Provider To Refuse To Let You Go Then They Shouldn't Have A Leg To Stand On And You Can Probably Get Help From The New Provider To Facilitate Your Transfer. It's All Down To Who Wants Your Business The Most.
2006-11-15 09:32:22 · answer #2 · answered by Paul R 5 · 2⤊ 0⤋
It's not legal.
Unless they are not really different credit card firms. So for example you can't transfer a balance from a Bank of Scotland card to a Halifax one because the two are now the same company and you're not really transferring anything.
2006-11-15 09:27:57 · answer #3 · answered by CarolineMary 2 · 2⤊ 0⤋
Don't think so
I'm assuming that u mean u r trying to transfer ur debt frm 1 card to another and the 1 u owe money to will not let the new card pay them off
2006-11-15 09:21:22 · answer #4 · answered by dawleymouse 4 · 1⤊ 0⤋
Your new credit card wants to pay off the outstanding balance on your old card?
If your new card company are willing to do this I can't see how your old card company could stop them, nor why they would want to stop them.
2006-11-15 09:29:21 · answer #5 · answered by mainwoolly 6 · 0⤊ 0⤋
yes, because different companies have different policies and grounds for accepting people after doing a credit check
2006-11-15 09:21:28 · answer #6 · answered by TJ O 2 · 0⤊ 1⤋
yes
its their money so it legal for them to decide how they give it away
sorry
2006-11-16 10:47:49 · answer #7 · answered by alatoruk 5 · 0⤊ 0⤋