Being Honest About Debt

Nicole Higginbotham-Hogue
Photo by Towfiqu barbhuiya on Unsplash

When dating another person, you may find that you have a lot in common, and the two of you may decide that it is time to take the next step. But what if you have debt that you haven't told him or her about? How should you approach this? And will it impact if he or she wants to further the relationship? Though the answers to these questions may be different for everyone, here are some suggestions on what you could do.

1. Communicate about your debt.

Talk to your partner about your debt and how it was accrued. Let him or her know where you are in paying it off and how it might affect your future.

2. Make a plan to pay your debt off.

Do your best to find a payment plan that will help you pay your debt off, and let your partner know that you have researched this plan and how you plan to take care of everything.

3. Work extra hours if you are able.

Tell your partner that you are taking on extra hours in order to contribute to paying off the debt that you have, so the two of you won't have to worry about it at some point.

4. Ask your partner about his or her debt.

You may want to ask your other half if he or she has debt as well, because if you are making a plan to pay off your debt and working extra to do this, you might want to know if the two of you together have more debt than you expected. That way, you can plan for it.

Being honest about debt and having a plan on how to take care of it may help the two of you move forward as a couple. Some people don't like unexpected situations, but if you already have control over the situation, telling your partner about it might be a little bit easier.

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Nicole Higginbotham-Hogue writes lifestyle articles.

Omaha, NE

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