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Tips on Managing Debt Before Marriage

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I am engaged to a man who has an ex-girlfriend who racked up bills in his name. Collection agencies call his house often requesting to speak to her. I am concerned that when we get married we will be overwhelmed with surprise debt that he has to pay due to her old bills.

Tips on Managing Debt Before Marriage

Unfortunately, if the accounts were held only in your fiancé's name, he is responsible for paying the entire sum of each bill or debt. He may consider contacting the financing agencies where he has outstanding debt(s) and negotiate a payment plan.

Debt consolidation is another alternative. As with any other professional service, shop around and compare service prices and terms. Remember if your fiancé neglects his outstanding debt now, it may affect your credit, home buying power and property choices in the future.

   

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