Why Money?

Hiding Debt

I have lied to my partner about the level of debt I had. Although it wasn’t a lot, I had money on credit cards that I wasn’t paying off. I could meet the minimum repayments, and a little bit more, but at that rate the card was going to take years to be paid off.

My partner knew I had some debt, but assumed it was in the £100s, rather than the £1000s. At the time we were talking about moving in together, and he was adamant that he wouldn’t move anyone who had more than a few hundred pounds of debt, excluding a mortgage. Finding out exactly how much I owed was a huge shock for him – and it did stop us moving in because he was worried about being expected to help pay it off, or me not having enough money to pay the bills.

Fortunately the problem has been sorted now – albeit at a cost. I remortgaged to a better deal last summer, and included a little extra to pay off the credit cards for good. Now, I’m paying the same amount each month for my mortgage, and have all my credit cards clear. They are just used and paid off every month. Now that I have a clean slate, we’re looking at moving in together again.