Comments on: Is it Okay to Get Married With Debt? http://www.moneyunder30.com/is-it-ok-to-get-married-with-debt Personal Finance for the Young and Ambitious Mon, 15 Mar 2010 15:08:36 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: John R. http://www.moneyunder30.com/is-it-ok-to-get-married-with-debt/comment-page-1#comment-4396 John R. Tue, 09 Feb 2010 23:07:56 +0000 http://www.moneyunder30.com/is-it-ok-to-get-married-with-debt#comment-4396 Hello, I am getting married May 1, 2010. My bride to be has terrible credit. Not so much credit card debt (like $800.00) but she has 2 car repos, unpaid traffic fines, gym membership collections and so on. How is this something I can keep out of? My credit is ok I am concerned with it being damaged. Thanks J.R. Hello,
I am getting married May 1, 2010. My bride to be has terrible credit. Not so much credit card debt (like $800.00) but she has 2 car repos, unpaid traffic fines, gym membership collections and so on. How is this something I can keep out of? My credit is ok I am concerned with it being damaged.
Thanks
J.R.

]]> By: Thomas http://www.moneyunder30.com/is-it-ok-to-get-married-with-debt/comment-page-1#comment-4299 Thomas Mon, 01 Feb 2010 22:36:22 +0000 http://www.moneyunder30.com/is-it-ok-to-get-married-with-debt#comment-4299 He almost had you in his mess. The lord always looks out for his own. Count your blessing. Thomas floweth@auburn.edu He almost had you in his mess. The lord always looks out for his own. Count your blessing.

Thomas
floweth@auburn.edu

]]> By: Sheila http://www.moneyunder30.com/is-it-ok-to-get-married-with-debt/comment-page-1#comment-3983 Sheila Tue, 22 Dec 2009 14:56:24 +0000 http://www.moneyunder30.com/is-it-ok-to-get-married-with-debt#comment-3983 Let me also metion he has 4 civil judemet on the report as well. I will walk away from this nightmear. Let me also metion he has 4 civil judemet on the report as well. I will walk away from this nightmear.

]]> By: Sheila http://www.moneyunder30.com/is-it-ok-to-get-married-with-debt/comment-page-1#comment-3982 Sheila Tue, 22 Dec 2009 14:51:52 +0000 http://www.moneyunder30.com/is-it-ok-to-get-married-with-debt#comment-3982 Yes my live in patner hid dedt from me and I found out by asking to read his cerdit report.I was shock to find out he has $80.000.00 in back taxes that he owe to the IRS he also has a lean on the deed for that and I also found out he is 300.000.00 in DEBT and we was to get married 2010 June 26. At this point the wedding is off. Did I metion I'm Dedt free. He is 54 years of age and I'm 47. What a shame. He came into the relationship as someone he was not.I thank God I found out. He naver told me about this untill I ask for this report.I will tell everyone before you married look at the Credit Report. Yes my live in patner hid dedt from me and I found out by asking to read his cerdit report.I was shock to find out he has $80.000.00 in back taxes that he owe to the IRS he also has a lean on the deed for that and I also found out he is 300.000.00 in DEBT and we was to get married 2010 June 26. At this point the wedding is off. Did I metion I’m Dedt free. He is 54 years of age and I’m 47. What a shame. He came into the relationship as someone he was not.I thank God I found out. He naver told me about this untill I ask for this report.I will tell everyone before you married look at the Credit Report.

]]> By: Need advice http://www.moneyunder30.com/is-it-ok-to-get-married-with-debt/comment-page-1#comment-707 Need advice Fri, 19 Dec 2008 17:27:13 +0000 http://www.moneyunder30.com/is-it-ok-to-get-married-with-debt#comment-707 My fiance and I are both is debt. I must say I am more in debt since being with her. She has a tendacy to spend more money than she makes and I tried talking to her. She is just in a rush to get married and start a family. I'm uncomfortable with getting married in debt and she just had her car repossessed and now she expects me to let her drive me to work and pick me up so that she has a car to drive to and from work. I'm wondering if I should walk away from the relationship now before it's too late. My fiance and I are both is debt. I must say I am more in debt since being with her. She has a tendacy to spend more money than she makes and I tried talking to her. She is just in a rush to get married and start a family. I’m uncomfortable with getting married in debt and she just had her car repossessed and now she expects me to let her drive me to work and pick me up so that she has a car to drive to and from work. I’m wondering if I should walk away from the relationship now before it’s too late.

]]> By: Moneymonk http://www.moneyunder30.com/is-it-ok-to-get-married-with-debt/comment-page-1#comment-704 Moneymonk Mon, 08 Sep 2008 16:51:55 +0000 http://www.moneyunder30.com/is-it-ok-to-get-married-with-debt#comment-704 "try to pay it off before getting married" I would say start after the honeymoon You never know if one has a change of heart “try to pay it off before getting married”

I would say start after the honeymoon

You never know if one has a change of heart

]]> By: Jane http://www.moneyunder30.com/is-it-ok-to-get-married-with-debt/comment-page-1#comment-708 Jane Mon, 05 May 2008 14:45:54 +0000 http://www.moneyunder30.com/is-it-ok-to-get-married-with-debt#comment-708 My fiance and I are marrying in June, and he still has some small debts from opening his own business two years ago. I'm not sure how delaying marriage would have helped us to improve our situation, as the author suggests. We're living together already, and we have the generous support of our families to finance the wedding. Why wait? We've been very open and honest with each other about our priorities, and although it's stressful, we're tackling the issue together. I have had friends marry into massive amounts of debt, for which they became responsible after their divorces. However, these situations were untenable for a number of other reasons. Mutual respect and a heck of a lot of open communication can overcome a less-than-stellar financial past. My fiance and I are marrying in June, and he still has some small debts from opening his own business two years ago. I’m not sure how delaying marriage would have helped us to improve our situation, as the author suggests. We’re living together already, and we have the generous support of our families to finance the wedding. Why wait? We’ve been very open and honest with each other about our priorities, and although it’s stressful, we’re tackling the issue together.

I have had friends marry into massive amounts of debt, for which they became responsible after their divorces. However, these situations were untenable for a number of other reasons. Mutual respect and a heck of a lot of open communication can overcome a less-than-stellar financial past.

]]> By: Shaeluv http://www.moneyunder30.com/is-it-ok-to-get-married-with-debt/comment-page-1#comment-706 Shaeluv Wed, 19 Mar 2008 08:17:27 +0000 http://www.moneyunder30.com/is-it-ok-to-get-married-with-debt#comment-706 I am getting married next month, and have had several conversations with my fiancee regarding finances, but have not been able to come to a solution to his negative debt and bad credit history. I think there are many valid points and suggestions given here, anything else I should know? will his credit score affect mine? what if I keep my own last name? I am getting married next month, and have had several conversations with my fiancee regarding finances, but have not been able to come to a solution to his negative debt and bad credit history. I think there are many valid points and suggestions given here, anything else I should know? will his credit score affect mine? what if I keep my own last name?

]]> By: zen http://www.moneyunder30.com/is-it-ok-to-get-married-with-debt/comment-page-1#comment-705 zen Wed, 12 Mar 2008 19:24:09 +0000 http://www.moneyunder30.com/is-it-ok-to-get-married-with-debt#comment-705 I married in debt - and was open and honest about it. If I was to wait until my student loans were paid off, it would have been years before I got married - and my wife was kept fully aware of it before hand. We said 'no' to a prenuptial agreement, as we felt we'd discussed all our issues fully (we communicate, heavily, about everything). That being said, her Uncle/Aunt who recently married fell into the camp of marrying into debt, getting divorced and losing a lot of their money because of it. Because they've been together for so many years post-divorce (and seeing us openly discuss our finances and other issues) helped convince them to remarry. The key is always honesty and communication, and willing to realize that you may have to have two separate bank accounts if you can't control your bills/spending issues, but that's almost a separate issue altogether... I married in debt – and was open and honest about it. If I was to wait until my student loans were paid off, it would have been years before I got married – and my wife was kept fully aware of it before hand. We said ‘no’ to a prenuptial agreement, as we felt we’d discussed all our issues fully (we communicate, heavily, about everything).

That being said, her Uncle/Aunt who recently married fell into the camp of marrying into debt, getting divorced and losing a lot of their money because of it. Because they’ve been together for so many years post-divorce (and seeing us openly discuss our finances and other issues) helped convince them to remarry.

The key is always honesty and communication, and willing to realize that you may have to have two separate bank accounts if you can’t control your bills/spending issues, but that’s almost a separate issue altogether…

]]> By: finance girl http://www.moneyunder30.com/is-it-ok-to-get-married-with-debt/comment-page-1#comment-703 finance girl Wed, 12 Mar 2008 16:19:52 +0000 http://www.moneyunder30.com/is-it-ok-to-get-married-with-debt#comment-703 oops i meant he was $70k in debt, not $70. oops i meant he was $70k in debt, not $70.

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