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Hidden debt from husband

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  • I hear what everyone says. I am in a similar situation. I will be paying off what I can before I divulge to OH. Mainly because he will stress work and obsess about it so why have two of us in this state. The time will come for me but not just yet.
    Every relationship is different and some people respond to money/ debt issues more favourably than others.
    If you decide not to tell you must learn not to witter about this constantly, that will make you Ill
    Xx
    Credit cards and loan total at Jan 2016=£37599 :eek::eek::mad::mad::(:(
  • Samsonite1
    Samsonite1 Posts: 572 Forumite
    Sixth Anniversary 500 Posts Combo Breaker
    I expect a combination of good timing and a good situation will help. Honesty is the best policy, but I definitely believe that you can get the timing wrong and make things worse. I am sure that it is not far-fetched for you to have a CC balance that now needs paying. If you have the means to pay it, it will be better for you to get it sorted and in the open, then you do not have to hide a debt that grows.
    To err is human, but it is against company policy.
  • bacono
    bacono Posts: 39 Forumite
    I'd agree with those recommending honesty is the best policy, as tough as that can be sometimes. It's a harder thing to confess than keep quiet, hopefully he'll realise that and think better of you. He should.

    One addition - you mentioned potentially buying a house in future (using money for a deposit) in your opening post. Having recently gone through a new mortgage application, I can tell you that your financial habits are absolutely laid bare in the process these days and there's no hiding place for outstanding debt. If you do decide to deal with it without telling him I'd strongly advise getting everything in order before going for a mortgage.
  • april87
    april87 Posts: 353 Forumite
    Eighth Anniversary Combo Breaker
    I was in a similar situation over a year ago. I told my now husband after getting a letter about arrestment of wages. I was in a state, I had been trying to hold my head above water whilst financially struggling paying even the basic of things. The debt was for just over £900. He payed the debt for me (he had the means to do so) and I opened up about everything. We checked my credit report to see pretty much everything had fallen off my account bar one. I am now much more responsible *thankfully* and now in the process of trying to fix my credit history and repair some of the damage so that in 3/4 years time we can look at getting a mortgage in both our names.

    Honesty is the best policy, not only will it save you a lot of worry but he married you, for better or for worse.
  • Jon81
    Jon81 Posts: 95 Forumite
    Fifth Anniversary 10 Posts Combo Breaker
    From bitter experience, I would recomend telling your other half as soon as possible, I didn't and it was only good fortune and the fact that my wife loves me that she didn't kick me out of the house.

    I realise in retrospect that it was one of the stupidest things I did aside from getting into trouble as I did

    Things will be difficult, tough at first but the support is invaluable
  • sourcrates
    sourcrates Posts: 31,440 Ambassador
    Part of the Furniture 10,000 Posts I've been Money Tipped! Name Dropper
    OP`s not been back since the initial post, so can only guess at the outcome.
    I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter
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