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Hey folks..

What's the scoop on assuming/buying a spouse's 16.99% credit card debt when I have:

1. Excellent credit
2. A great deal of available credit on my two cards, including a zero balance on one
3. A variety of excellent balance transfer offers on those cards
4. A credit card offer from Chase promising 0% 'till 2/2008 and then 8.99 fixed after that

Is it a good idea? Legal? :) If it's reasonable, would it be better to open the new card with the good "teaser" rate and (still good) fixed rate after that? Or would it be better to avoid opening a third CC account and put her balance on my existing cards?

One card of mine has a high balance on it (~$10k) but I got in on a balance transfer rate of 3.99% "forever" and the entire balance is at that rate. I haven't used either card for a purchase in quite a while now. Her (also ~$10k) balance @ 16.99 is obviously a higher priority for us to fix.

Any suggestions?


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