View Single Post
Old 1st March 2013, 11:26 AM   #1
MoonySmile
Registered User
 
Join Date: Mar 2013
Posts: 1
Debt problem with new wife-Advice sought

Hello,

I'm lucky enough to be married to a great woman but our debt situation is putting a strain on our marriage. The problem is she has something like 30000 in Credit card debts so something like 90% of the household costs fall on me. We both work with our wages being on the ratio of 60:40 in favour of me. When we got married I took on virtually all of the wedding debts (although it wasn't a big do), about 90%. In a moment of madness I took out a 10000 loan so as to reduce her monthly payments to the credit card companies. I was content with this arrangement as she paid the monthly amount fully and on time. Then I found out she was still using a couple of the cards my loan had paid off (despite her cutting the cards up). We had an argument about something totally unrelated and I revealed I knew about the cards. She was defiant about this saying such things as "how do you think I could afford to buy things on Honeymoon". A little down the line she has thankfully started on a debt repayment plan, but despite her income now being something like 500 a month better then it was I have only been given an extra 120 a month to make ends meet. Of course I'm pretty much in the same financial position as was, work long hours for a London wage of 27000 a year. If I talk to her on this it's "I need to repair the car" and she actually gets a bit hostile. I feel this financial situation is making me very resentful due to it's unfairness. if I were a rich man it wouldn't worry me, but my backs against the wall, additionally one of us has to remain credit worthy if we need to get a new rental so a shared bank account is out of the question. We don't have any children. I can't even get some breathing space from a debt reconcilation loan due to taking on the 10000 loan above. very angry, very resentful and very sad. any advice would be wonderfully. Thanks for listening.
MoonySmile is offline   Reply With Quote