Money is one of the topics couples fight about most often. Debt brought into marriage is an especially troublesome part of many couples’ money problems. Research shows that debt brought into marriage is the number one problem for newlyweds. Unfortunately, debt never rests, sleeps, or goes on vacation and as long as you have debt you will be in financial bondage.
Before you say, "I do," you should get to know each other's financial health.
10 questions to ask your fiancee that can help make your future life together a successful one:
- How many credit cards do you have?
- What are your balances and interest rates on those cards?
- Do you pay your bills ahead of time, on the due date or late?
- Are there dings on your credit history that might affect our ability to reach our financial goals?
- What is your credit score?
- Can I see your credit report?
- What are our financial goals (salary and saving expectations, retirement plans, future education, etc.)
- Do you have any assets (real estate, investments, retirement funds, savings accounts)?
- Do you want children? If so, what are your (our) financial plans for supporting them?
- Do you owe any debt from a previous marriage? Are there any financial obligations that still need to be fulfilled to your ex-spouse?
There are no correct answers to any of those questions. However, if your spouse doesn't want to chat with you about finances, consider this a BIG red flag.
If you learn that there is a large amount of credit card debt, extremely high interest rates on those cards or too many credit cards, then the time to take action is BEFORE you say "I Do". you should consult with a Debt Solutions Specialist to discuss your options such as Debt Consolidation or Debt Settlement.
If you or your fiancee would like to learn more about how to get out of debt before your big day, click the linke below for your FREE DEBT ANALYSIS or simply give us a call.
1-877-492-4109
