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First, don't lend him any money. There is debt counseling available to anyone - he needs to work through this scenario on his own - you can offer support, but not financial support.

Debt tears apart more relationships and marriages than Carter has pills. There is no excuse to get into debt problems - there is nothing in this world that we really need that can't wait until we can afford it ... nothing!! Credit card debt is the worst - just know that everything you bought on credit cost 21% more than you paid for it, unless of course, you pay your entire CC bill every month. Using someone else's money is always going to cost you more, no matter how one slices it up. I routinely charge during the month, but no more than I know I can pay off in full when the pension check arrives. Outside of a home mortgage, I owe nobody nothing - and that is a nice feeling to have.

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Q: What to do when your boyfriend is in debt?
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Related questions

If you have about 50000 in credit card debt and have some joint accounts with your boyfriend is he liable?

Yes, but only on the ones that your boyfriend is on (joint credit accounts only).


Who is responsible for Unmarried joint credit cards?

Anyone who applied for the card. If you and your boyfriend/girlfriend applied for the card jointly, you are both responsible for the debt, regardless of whether or not you are married. If you just added your boyfriend or girlfriend on to your account as an authorized user, however, they are not responsible for the debt.


If i applied for a CitiBank credit card then added my boyfriend and the bill haven't been paid in 5 years and I am about to file bankruptcy does that debt come off my boyfriend credit report?

Your boyfriend will most likely be responsible for the credit card..it's up to CitiBank but I think he would be liable.


Does a boyfriend have to buy his deceased girlfriend's other half of owned home to settle the debt credit card debt that shows no will and no common law marriage?

That will depend on how the property was owned. If it was Joint Tenants (with right of survivorship, no) or Tenants in Common (if he wants to keep the property, yes).


Write a phrase with the word black?

there in black and whiteblacklistblack widow (a woman who kills her boyfriend or husband)a black tie affairblack deatha black mark on ones recordin the black, means no longer in debt


Where can one find a list of debt collectors in the UK?

There are sites online that advertise their debt collection business. Some of these Debt Collectors are UK Debt Collection, Debt Recovery UK, Debt Collect and Debt Recovery Plus.


Can you forget a debt a debt or have a debt forgiven and not have it hurt your credit?

When a debt is forgiven (a forgetadebt as you call it), it will be reported to the credit bureaus. But you will have less debt, which is a positive.


Debt Financing ?

form_title= Debt Financing form_header= Get control of your debt with financing help. How much are you in debt?*= _ [50] Have you ever worked with a debt financing company?*= () Yes () No How do you plan on getting out of debt?*= _ [50]


Is Public debt or External debt bigger?

The Public Debt is debt that is owed by the Government of the United States. The External Debt is that is owed to foreign countries. The current Public Debt is $16,738,541,240,281.19 that over 16 Trillion dollars. The external debt is approximately $15,940,978 that is a lot less than the public debt.


How does Debt Free Direct help people get out of debt?

Debt Free Direct can help a person get out of debt by analyzing a person's current financial situation and advise them on how to go about resolving their debt. Debt Free Direct has experts ready to recommend how you can eliminate your debt.


Who should go through debt counseling?

Those who are in debt should surely go to debt counselling to seek help from a debt advisor. Going to debt counselling will give you a picture and a solution for your debt problem.


What is a good way to get rid of your debt?

There is no easy way to get rid of debt. Contact a debt management company to help you manage your debt or contact someone that is an expert in debt management so you can eradicate your debt as soon as you can.