Latest Posts
Home > Ask The Get Out of Debt Experts > How Can I Make Sure My Wife Does Not Go Into Debt Again? – Alex

How Can I Make Sure My Wife Does Not Go Into Debt Again? – Alex

“Dear Steve,

Hi, (thank you for your website)

I am planing to pay off my wife’s credit cards, she had $10 000 before we got married (10 years ago), and she now have $15 000 debts in credit cards.

I personaly don’t have any credit cards or debts (except for the house payment).

How can I be sure that she will no get in debts again after I pay off her $15 000 credit cards ?
She say that she would not use her credit cards anymore but we have 3 kids and I want to make sure that she will not go in debts again.

Is there any legal document that I could have her to sign saying that she would be totaly responsible for her debts in case she use credit cards again ?

We both have excellent credit records (she always pays her credits bills, but she only pay the minimum).

Thank you for your help (and sorry for my bad English)

Alex”

Don’t miss our free Get Out of Debt – “How To” Guide Series on a number of topics, for loads of practical advice, tips, and help to beat back debt. – Click Here

The Answer

 

Dear Alex,

It is interesting that people that are savers tend to marry people that are spenders. I guess it is one of those, opposites attract, things.

I don’t know what the circumstances were behind the additional $5,000 in debt she built up since the marriage but it is worrying.

There is no piece of paper she could sign. As long as she is an adult and is not mentally impaired or mentally disabled, she has the legal right to enter contracts for credit.

The chances are fairly high that she will try to re-debt after you pay off the cards. This is especially true based on what she was spending money on. Typically, people spend money to satisfy some underlying reason or need and the debt is just the byproduct of that situation.

With her permission, I would suggest that you both agree to pull a joint consolidated credit report every six months. The credit report will show you almost all credit activity for both of you as long as it is a joint report. It is possible that she could apply at some small or local merchant and that might not get reported but the chances of that happening are slim.

After you pull the credit report, sit down with it together and go over it. This is an opportunity for you to look for any new accounts, but also to review the progress that you’ve made together and to positively reinforce her good work of keeping things under control.

Big Hug!

How Can I Make Sure My Wife Does Not Go Into Debt Again?   Alex
Get Out of Debt Guy – Twitter, G+, Facebook

How Can I Make Sure My Wife Does Not Go Into Debt Again? - Alex by

Share This and Spread the Word

About Steve Rhode

Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

Get My FREE Get Out of Debt Guy Newsletter

It is the smart thing to do.

I promise to keep your email safe and secure.

Close

I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

You can unsubscribe at any time with just one click.

After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.


  • It will keep you posted on the latest scams.
  • You will be alerted to the latest articles.
  • You will wind up smarter than everyone else dealing with debt.