MY FRIEND RAN UP CREDIT CARD DEBT IN HER HUSBANDS NAME
A friend of mine called me today, hysterical. Apparently she ran up a bunch of credit card debt on her cards, and she didn't tell her husband about it. She has been trying to pay it down, but lately she has been unable to afford even the minimum monthly payment on her cards and so she has been borrowing from one card to pay another. Now they are completely charged to the max and one is even already $200 over the balance that she is allowed so she is now being charged overages as well. She has looked into debt consolidation, however, since some of the credit card debt in her husband's name as well, she is not eligible for any debt consolidation loan unless he speaks with them and signs the paperwork. In addition to this she has fallen behind on her mortgage payments, and now she is completely panicked that he is going to find out. She doesn't want to tell him that they need to consolidate credit card debt, because if she tells him this then he will want to see the bills and then he will find out that she has been applying for other credit cards in both their names. She is not sure what to do, but she is afraid that if she doesn't tell him about the debt that they will lose everything and he will find out anyway, but if she comes clean with him he may just leave her. That is the type of guy he is, so this really does seem like it is reality.
Well, I think that I talked her into telling him, which quite honestly took quite a few phone conversations. At first she told me no way, but I told her that either way he was going to find out about it eventually so it was definitely better if he heard it because she was being honest with him. Much better than finding out that he has no credit left when applying for a car loan or debt loans or something. I think that if that happened to him he really might kill her. Anyway she asked me to be there when she tells him, and I agreed. I will bring over some Chinese food tonight and she will tell him. He really has quite a temper so I am not surprised that she wants some moral support.