What to Do When Your Partner Has Debt

Mar 15, 2022


How can you deal with it if your spouse, girlfriend, or boyfriend has accrued debt in the form of credit or student loan cards? Here’s the best way to deal with it when your spouse is in debt.

Amid a new romance, debt is often the most distant thing from any person’s thoughts. Hearts are racing, and romance is in the air. What makes someone want to destroy that with a conversation about money and cents?

As the relationship develops, it becomes more important to talk about the financial aspects of your relationship. Most people don’t bother and then get up and realize that there are serious difficulties for a couple who have an enormous amount of debt.

If you’re still in a relationship and are still in debt, here are some tips to think about to stay clear of this situation. It doesn’t mean that you’re out of luck even if you’re already married, and your spouse comes out about their debts, it’s feasible to work through the debt jointly and having a mutually agreed-upon strategy that you both agree to follow should be the top priority.


These are ideas to discuss the facts when your partner is in outstanding debt.

What to Do When Your Partner Has Debt


It’s one thing having an amount of money in debt, but quite different from owning $50,000. If your friend admits to paying back loans, request the entire amount. Be careful not to be harsh or cause him to feel more uncomfortable. If people feel attacked and feel a sense of resentment, they are prone to lie. We’ve all made bad financial choices, So make sure to be as honest as you can.

The essential part of obtaining the details about debt is figuring out how to pay it off. Many people need 20 years to pay off $10,000 of student loans, even knowing they could’ve paid more. If it’s a lengthy payment situation, it’s likely to impact your family life.


Valerie Rind’s award-winning books Gold Diggers and Deadbeat Dads is a good idea to look at your credit report to get a complete view of your finances. You can find a free copy at Annualcreditreport.com, which will show if there’s a pattern of late payments, high balances, collections, judgments, or even worse — bankruptcy.


Doing a side-eye when your girlfriend is purchasing an expensive pair of shoes will not help her become more financially responsible. It’s similar to dating someone going through a diet. Inquiring, “Should you be eating that?” when she’s ordering dessert is similar to telling her, “You shouldn’t be eating that, and I’ll scold for it if you do.” .”

Paying off the debt is a procedure. If your partner is progressing and making amends for their mistakes, you can put aside the judgment. Concentrate on guidance and encouragement instead of anger and shame.

“Your sweetheart may have valid reasons for prior money troubles,” Rind suggests. “Issues in the past do not necessarily mean that the person is likely to ruin everything in the near future. Perhaps he was reckless when he shopped for his first credit card during college. However, he now manages his money prudently. Divorce, unemployment, or unanticipated medical expenses might have damaged your spouse’s savings and retirement accounts. .”


If you’ve discovered the debt of your partner and your emotions are soaring, that’s not a reason to skim over the additional financial facts you should both know about one another.


What is the right time to inquire questions about the credit scores of your loved ones, their savings rate, and pay? The answer is whenever it feels appropriate. If you ask too late, you might discover your financial and personal lives are not compatible. If you make a decision too soon, you’ll end up looking like someone who is concerned about privacy at a low level and is a bit too rich, and is also known as a gold digger. Better late than never.

It can be challenging to talk about finances. It’s best to get started and remove the discomfort out of the way. It’s similar to tearing off the bandage: You’ll never want to do it, yet you’ll be thankful that you were able to do it swiftly and effectively.


The foundation of trust is in relationships, but no fool trusts without having a valid reason. The ideal situation is for this conversation to occur as one of the first steps in building trust. You’ll feel much more relaxed and more comfortable in your relationship if you don’t have any remaining doubts.


“You need to know exactly what you’re getting into,” Rind states. “You don’t want to get unprepared later on. .”

There’s a good thing: that your partner’s prior debts isn’t yours. The debt you accumulate when you’re married will impact your spouse’s credit score (knowing the fact that you’re in a state that is a community property will not hurt). The new spouse will not impact your credit score unless you sign their loans.

Final Thoughts

A conversation about debt is essential. When you’re willing, honest, upfront, and open, you’ll be able to know more about the future of your relationship than a credit report can reveal.