- Miss Orchard
- 10 years ago
- Wedding: September 2012
Hmm…if you guys are getting married it’s high time to put an end to this. YOU inherit all of his debt.
Case-in-point: My parents got a divorce. My childhood home went to my father. He can’t pay the mortgage or afford to refinance. Despite the fact that the state appointed my father as the owner of the home and took my mom OFF the deed, she is still ON the bank note…which means my dad could default, or marry some crazy broad and she could default and MY MOTHER will be held responsible for the debt! Crazy.
Fiance and I are totally open about credit/debt/income, etc. I know all of the passwords to his accounts and he, mine. We keep them filed away with our financial information. We do have credit card debt and plan to help each other pay off the cards, starting from the highest interest rate to the lowest, together.
Time to buckle up and put your foot down! Thats a hella ton of debt!