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Is Your Spouse Concealing Debt?

On Behalf of | Jan 26, 2011 | Consumer Protection

Do you know if your spouse has a secret debt? One spouse hid $50,000 worth of gambling debt on credit cards. Another spouse stole his wife’s credit card to use at the racetrack. A third spouse stacked up big debts paying for online porn and dating sites.

According to Liz Weston, there is usually an underlying problem that drives the spouse to spend. These secret debts are generally byproducts of an addiction like sex, drugs or alcohol.  Spending can also be a way for the spouse to ease stress.

If your spouse has a secret debt, there are warning signs. Generally, your spouse gets extremely irritable when the subject of money is discussed. Also, your spouse refuses to review a credit report together. But watch out! A spouse can intercept the mail or set up a different postal box to receive the concealed debt credit card invoices. The first step to avoiding this scenario is to learn to talk about finances with your spouse. Second, view a credit report together. But once the secret is out, the foundation of trust is severely damaged and will be hard, if not impossible to repair.

Learn to see whether you can divorce debt.  To read more, click here.

You should check your credit report for errors and discrepancies. If you have debt collectors calling or suing you, we can provide a free case review.  Check out our website or call for a free c se review at 1-888-822-1777.