Blue by American Express Balance Transfers etc.?

So after finding out my AMEX has a good interest rate I have been considering transfering my fiancee%26#039;s credit card debt to my own card b/c there are no balance fees. He has horrible credit and his debt is killing us finacially and we have to get it under control. My credit is excellent and we%26#039;ve applied for loans but I think my credit card interest is better than the loan offers...

So onto my questions:

Does anyone know any concrete drawbacks to keeping the balance on the credit card vs. the higher interest 5 year loan?

The AMEX website only has spaces for 4 balance transfers, my fiancee has 7 credit cards. ( Can I kill him now please?) Do credit card companies limit how many transfers you can make?

Does anyone have any other advice to get this paid off as quickly as possible? We aren%26#039;t rolling in money obviously I am a teacher and he is a manager at a Circuit City. He has about $14,000 in credit card debt and another $12,000 in student loans coming due in September.

Blue by American Express Balance Transfers etc.?

Blue Cash from American Express庐

This credit card issued by the credit card giant American Express has No annual fee. Coming to balance transfers, the Blue Cash from American Express has a low balance transfer rate. The APR for balance transfer is 4.99% fixed for the life of balance. Another good feature of the Blue Cash from American Express is that it is a 0 Intro APR credit card. It has a 0% intro APR rate for 6 months. The reward program of Blue Cash from American Express gives Up to 5% Cash Back with Unlimited Cash Rewards. This entitles the credit card holder to earn an unlimited cash back on his spendings. Apply online at: http://www.credit-card-gallery.com/Ameri...

Blue by American Express Balance Transfers etc.?

First, do not transfer his debt. If anything happens to your relationship, you are stuck paying off his debt. You fixing this for him will NOT teach him to be more responsible in the future. Also, transferring it will not be as benificial to rebuilding his credit.

First regarding the student loan, normally you can make arrangements (since they are low interest) to extend the payment schedule. If you have them take the funds from his checking every month, you may be able to lower the rate even more.

Next, look at the 7 cards and find out which of the cards have the lowest rate and transfer to those cards. Do not close the other accounts, but cut up the cards. The low balance on the cut up cards increase his credit ratio, and also, the longer he owns the cards the better off he will be.

Schedule payments so that you pay more than the min. Call the cards that a balance remains, and try to negotiate the rates. Explain you have an opportunity to transfer to a card that has a rate of X%. They may be willing to forgo the annual fee and/or lower your rate.

Finally, if you decide to transfer the balances to your Amex, get a promissory note signed by your BF. Have the note outline the payment schedule, the interest and the final due date. If he is late even once, send him a written note that outlines when he needs to get caught up by.

Also, worse case scenerio, have him get a second job until his debt is paid in full.