Taking debt into a relationship..

floralaura · Jun 30th, 2008, 09:52 AM

I have around 4k in debt (credit card/overdraft mainly), im in the process of getting a monthly agreement set up with the creditors to repay a set amount a month that i can afford (single mum in part time work)..Its got to the point in mine and my partners relationship where we want to move in together officially..i would give up my rented home and move in with him, he owns his own home, paid in full so no mortage or anything. My question is, when i move in with him and have to tell the companies where im living now, will it blacklist his name or anything? He has his own business, run from home, so dont want to jepordise anything for him...im actually scared we wont be able to do this, all because i was an idiot with plastic last year..

Vegas Long Legs · Jun 30th, 2008, 10:19 AM

No that's your debt alone. Even if you moved in with the Queen, she wouldn't be responsible.

caxe · Jun 30th, 2008, 11:34 AM

You can't be held accountable for another person's debt (and vice versa) unless one of you cosigns for the other, or unless you're joint applicants on whatever account.

~Fabulousity~ · Jun 30th, 2008, 12:07 PM

Your new address will not have an effect on his credit, its your debt and your debt alone.

floralaura · Jun 30th, 2008, 03:56 PM

Yay! After disussion, im moving in within the next 4 weeks...

Allisonfaye · Jun 30th, 2008, 04:36 PM

Quote:

Originally Posted by caxe

You can't be held accountable for another person's debt (and vice versa) unless one of you cosigns for the other, or unless you're joint applicants on whatever account.

Or unless you are married....

mmmpurses! · Jun 30th, 2008, 09:57 PM

Quote:

Originally Posted by Allisonfaye

Or unless you are married....

yep right now the debt is solely hers as a single person. The equation changes when you get married even if he is not on the account as a joint holder... at least for the states where the concept is applicable.

floralaura · Jul 1st, 2008, 06:59 AM

Quote:

Originally Posted by mmmpurses!

yep right now the debt is solely hers as a single person. The equation changes when you get married even if he is not on the account as a joint holder... at least for the states where the concept is applicable.

Im in the UK so even if we get married..which wouldnt be for years, it could be diffrent. Plus the debt should have gone by then anyhoo..

LeeMiller · Jul 1st, 2008, 02:36 PM

Good for you for trying to pay it off! Have you talked to your BF about his expectations regarding rent, grocery money, utilities etc?

Jun 30th, 2008, 10:19 AM	#2
Vegas Long Legs Member Joined: Nov 2006 Location: Las Vegas Posts: 3,045	No that's your debt alone. Even if you moved in with the Queen, she wouldn't be responsible. __________________ Planning next voyage! Oct/Nov '08

Jun 30th, 2008, 11:34 AM	#3
caxe I'm the pappy! Joined: Mar 2007 Location: The Southeast, US Posts: 3,267	You can't be held accountable for another person's debt (and vice versa) unless one of you cosigns for the other, or unless you're joint applicants on whatever account. __________________ RIP Bernie Mac RIP Isaac Hayes

Jun 30th, 2008, 12:07 PM	#4
~Fabulousity~ "Yes we can!" Joined: Jan 2006 Location: Creating my life... Posts: 4,726	Your new address will not have an effect on his credit, its your debt and your debt alone. __________________ Every adversity, every failure, and every heartache carries with it the seed of an equal or greater benefit - Napoleon Hill

Jun 30th, 2008, 09:52 AM	#1
floralaura Member Joined: Jun 2008 Location: UK Posts: 41	I have around 4k in debt (credit card/overdraft mainly), im in the process of getting a monthly agreement set up with the creditors to repay a set amount a month that i can afford (single mum in part time work)..Its got to the point in mine and my partners relationship where we want to move in together officially..i would give up my rented home and move in with him, he owns his own home, paid in full so no mortage or anything. My question is, when i move in with him and have to tell the companies where im living now, will it blacklist his name or anything? He has his own business, run from home, so dont want to jepordise anything for him...im actually scared we wont be able to do this, all because i was an idiot with plastic last year..

Jun 30th, 2008, 03:56 PM	#5
floralaura Member Joined: Jun 2008 Location: UK Posts: 41	Yay! After disussion, im moving in within the next 4 weeks...

Jul 1st, 2008, 02:36 PM	#9
LeeMiller Member Joined: Jun 2007 Posts: 1,694	Good for you for trying to pay it off! Have you talked to your BF about his expectations regarding rent, grocery money, utilities etc?