“Dear Steve,
I am about to get married for the first time in about 6 months. I am scared of my debt and how it will effect my future husband (who happens to have a great credit score.) I have several debts to technical companies, one payday loan, and my very high and in collections student loans. I am at the brink of a breakdown. I don’t know where to turn or how to get out of the situation I am in and am considering calling off the wedding in fear that it will be detremental to my future busband and his financial stability. Please help! Where do I turn and will it effect my future husband and his ability to get a home/car loan or credit cards?”
There is no need to put off getting married. Love can conquer all but it must be built on a foundation of honesty.
I would suggest you get a copy of your consolidated credit report and sit him down in a nice way and tell him you want to share the reality of your financial woes.
Your debt will not become his debt upon marrying but your current issues may prevent you from applying for joint credit to buy some future items like a home or car.
If you love the guy, which I assume you do, then he deserves to know the truth. If he was a jerk and pitched a fit or left then he is honestly the guy you want to marry.
I often hear the comment that people feel scared and alone and don’t want to tell their future spouse about their debt issues but honestly, if you are intimate enough to have sex and want to enter into the legally binding relationship of marriage, you certainly need to be able to talk to each other about money, credit and debt.
Trust me, this will work out fine, just be open and honest about it right now.
You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.
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