So You're Marrying A Man With A Lot Of Financial Debt...

By

marriage advice: financial debt
An increasing number of married couples are dealing with sky-high debt.

People who have high debt are generally ashamed that they're in this position in the first place. They feel really guilty about having to carry it into their new relationship. If the person with the debt can acknowledge faults and take responsibility for past actions, he/she will work hard to pay off all amounts that are due. On the other hand, if the person cannot readily accept his/her role in the situation and refuses to take any ownership of it, it may be time for you to re-evaluate the relationship.

Over all, when you're planning to spend the rest of your life together with that special someone, you'll need to determine whether you can accept his/her past debt or whether it's better for you to move on from the situation. A person with a high amount of debt could have hundreds of thousands of dollars to pay back to a creditor or lending agency, and it could take several years just to pay down the interest. It could affect you as a couple when buying a house, a car or when your spouse applies for a job. Even the simple luxuries that couples enjoy, such as going out to a movie would have to be negotiated as the person may not be able to afford to go. Just remember that you are accepting your partner (and his/her debt) as a complete package deal. 

If you do decide to accept this person into your life for the long haul, try not to judge your partner on his/her past spending habits and be supportive instead. This certainly isn't an easy task, but having you as a trusted partner will make the journey easier. Helping someone overcome a past debt can lead to tremendous growth, healing and understanding.

This article was originally published at . Reprinted with permission.
Article contributed by
Advanced Member

Monique Boyd

Dating Coach

Monique Boyd

LiveLoveAspire.com

LiveLoveAspire.blogspot.com

Email:  info@liveloveaspire.com

 

Location: Ellicott City, MD
Credentials: BS, CLC, CRC, MBA
Other Articles/News by Monique Boyd:

4 Things You Should Consider Before Breaking Up Your Marriage

By

We live in a microwavable society. If there's nothing we like on our favorite TV channel, we have the luxury of turning through 200 other channels. If nothing is on TV, we can turn on the Internet and view our favorite social media sites. And if we're still not happy, there's always the radio station and so on and so on. Relationships are the exact ... Read more

Yes, Chivalry Is Dead. But Who Killed It?

By

I can't tell you how many seminars and workshops I attend where the topic of chivalry in dating comes up. Usually, women complain there are no chivalrous men anymore and that chivalry is dead. Men counter back and say if chivalry is dead, you killed it! Back and forth we go as the battle of the sexes heats up! No one wins the game of who is to blame and ... Read more

How To Maintain Your "Femme Fatale" While In Uniform

By

Men have long thought women in uniform to be sexy especially with the possibility of her toting a gun on her side (think Mr. and Mrs. Smith!). Even the idea of her giving orders in an authoritarian way can present images to them of what she's like in the bedroom! However, many women that I have spoken to are not quite as bold and dramatic as that type of ... Read more

See More

Ask The Experts

Have a dating or relationship question?
Visit Ask YourTango and let our experts and community answer.

FROM AROUND THE WEB