My Wife Surprised Me With a $25K Credit Card Bill. – Christian

“Dear Steve,

My wife has suprized me with a $25k credit card debt. she has contacted the card company to lower the interest and they say they cannot lower it. we are looking to sell our house and this debt is hurting her credit score. I want to get her on a plan with low or no apr. she is employed and can make a considerable payment.

What is the best way to negotiate a lower or no apr without opening another card that would hurt credit score?


I asked my friend Susan Nilon to answer your question for you. I wanted to make sure you got an answer as quickly as possible as I’m a bit backed up at the moment. I’ll be watching the comments on this question and be around to help if you need me.


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.

Dear Christian,

Wow! My first instinct is to tell you not to worry so much about the interest rate of that credit card and just focus on paying down that debt. Unless you are empowered with another bank that is willing to assume that debt at a lower interest rate, you options are limited.

You also might want to reconsider selling your house. This may not be the best time to relocate and fixing the problems at hand are better done when your hand is not forced into purchasing a new home. I realize this may not be what you want to hear, but you have bigger issues at hand. For some reason your wife hid her spending from you. $25,000 is no small amount and is probably a sign that something else is happening. Either she is not able to live within the expectations that you and she have set up or her spending is compensating for something else. Either way, I think my best advice is to find a couple’s counselor who specializes in financial counseling. I feel that this is the best way to open up the lines of communication between the two of you and help you both understand what it will take to reign in your financial future.

In the meantime, you can pick up a book by Olivia Mellan called “Overcoming Over spending.” It’s a great read that will provide you with a lot of insight on how you can prevent this from happening again.



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