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

Relationship 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:

Best Dating Tips For Singles Over 40

By

I was just a young girl barely old enough to have a job when I met and encountered one of the most beautiful women over 40 I would ever meet in my life.  I met her during my early years of interning for the city government.  I mean when she walked in the room, men knew she was there.  She always had a smile on her face or a chuckle as she ... Read more

How Sunshine And Snowstorms Can REALLY Affect Your Dating Life

By

I must admit I never thought I would ever see temperatures in negative degrees in my lifetime. That notion will be shattered in a matter of days as I watch the forecasts dip down past the single digits in the area I live in the Northeast. It's a sight for sore eyes as you watch people rushing to get indoors after running a few daily errands just so ... Read more

Be Romantic All You Want And STILL Be Realistic About Love

By

I love bright dainty dresses, wear heels when I can and jewelry is a must wherever I go.  I’ve watched “Pride and Prejudice” a dozen times, “Gone with the Wind” even more and “Love Jones” was my national anthem.  I sing lots of sappy love songs and my heart melts for people who are poetic.  I follow ... Read more

See More

 
Latest Expert Videos
ASK YOURTANGO MORE QUESTIONS
Most Popular