It has been demonstrated that the issue of debt is capable of breaking an otherwise healthy relationship. The place where this scenario can have grave repercussions is when you are planning to tie the knot with someone who is deep in debt. However all is not lost as there are ways that you can handle this situation effectively so that your union is not strained. The intention of this article is to outline the vital things that you need to take into account to ensure that you are best placed to get the results that you are looking for.
It is highly advisable to talk about the matter of the person that you are planning to get married being deep in debt prior to going further with your marriage arrangements. It is important to see to it that you are going into this engagement with an attitude that is not confrontational as that will have the effect of stopping your partner from disclosing the pertinent information. On the other hand, you must desist from being judgmental as that will bring antagonism.
Prior to proceeding further with the plans for marriage to a partner who comes with a debt challenge , it is crucial that you accept the existing financial circumstance. It will be a wrong move to try to ignore the issue as it can escalate to a major problem in the future. The best option for you is to acknowledge the existence of the debt problems so that you better prepared to handle it.
It is highly advisable that you lay bare the entire debt situation of the person that you are harboring the plans of getting married to. Why you should view this as important is explained by the fact that you will get the chance to see the bigger picture of the obligations that you have in respect of the debt repayment soon after you are married.
At this point you need to devise an effective repayment plan that will assist offset the debt that came into your marriage through your partner. It is important that you refrain from going for the minimum repayments as that will imply that the debt will take a longer duration to be settled.
It is a step in the right direction to set financial targets even as you continue paying off the debt that your partner brought into your marriage. You must both show dedication to stick to those goals and not deviate to making wrong financial decision. Since a lot of the financial that you are attempting to get a solution for are as a result of student debt it is essential that you seek to do the proper thing this time around.
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