to have debts on a credit card that is my own credit card

[tinkhassprung]

hi

i have debts on a credit card that is mine
dont see why i should tell dh

why do you want to keep it a secret ?? Of course you have no obligation to tell him but just wondering as to why ?

Well also, why shouldnt you?

If you earn your own money and pay your own debts then unless you have some other financial agreement with DH then no you wouldnt have to tell him but the question is....why wouldnt you tell him?

he hates spending money and i am the opposite
spending stresses
i am paying it off

Fine if you have your own money to pay them, without affecting the rest of the family budget and if you're managing them well. I have no credit cards but do not account for every penny I spend to DH. I have my 'extra' money, he has his.

Not fine if your going into arrears and risking bailiffs at your door and ruining the credit rating of everyone in the house. The fact that it's even occurred to you to post about it, would say to me that all is not fine. If you're struggling then he needs to know. The effects of none payment will reach DH too. He has a right to know.

Well it's up to you...just depends how much is on there, is it hampering you as a family doing other stuff, is your spending out of control etc etc.

Nowt wrong with using a credit card sensibly. On the other hand, if you knock it up to the limit and then just pay minimum payment, well, that'll take years to pay off and just add to the stress.

It will impact on his credit rating too

why will it impact hisrating

You've said on another thread you have a spending problem so I think it's a bit more complex than how you've put it here

yes i do have a spending problem
i am now aware of that and and paying off card

Well then if you have a spending problem then yes YABU for not telling DH and YABU for still having a credit card. Chop it up!

Beacuse credit ratings go on the adress and not just the indivudal debtor. I had terrible problems getting TV in my old rented house because the previous resident owed monies to almost every utilities company in existance. It took months of sending paperwork here, there and everywhere and endless phonecalls to prove I was not related to the previous tennant.

If you have a bad credit it puts a mark against the address and will show up on his credit applications too, including applications for mortgages.

Even if your husband doesn't like spending I don't see why you would keep a credit card secret. Why can't you just say this is what I've got, this is what I'm doing etc. I earn my own money and can deal with it myself.

Secrets like this are a sure sign of something wrong.

I think there is a lot going on here, you've had threads about Very accounts, your husband's reactions to your spending, your spending problem.

Given all the other stuff, I would say it isn't ok - what I mean is this debt you have is not ok, whether your husband knows about it or not. Given your husband's reactions to spending, it sounds like it won't be good if he finds out.

I think you need to seek proper help with the spending issue as a whole.

I have a credit card, is it a problem
I have a spending problem,
I am paying off my card now

what was the point of this thread?:o

It will impact if do not keep up with payments. Does he not realise you buying stuff !! Again depends what the debt is and if you can manage it but think if it were him keeping something from you! Also it been mentioned you have a spending problem it will not go away you need to address issue if you spending money you cannot afford.

If the question is do I have a right to have privacy with regard to finance, I'd have to say yes....up to a point.

If you're in a partnership (of any kind) and your financial decisions can impact on your partner I would want to understand why you needed the privacy...

If you need bailing out, or if you partners credit rating could be affected by your actions, then your choices are impacting on them and the answer is probably no.

FWIW I think y'ure very brave to have brought this over here, I would have stuck with chat

According to the credit reference agencies being married makes you financially attached so your debt may impact on his credit rating too.

Tink, they need more info to help you.

Of course there's nothing wrong having your own credit card,with your own debts. Dp and I have separate cards and he has no idea how much there is on mine, nor I on his.

But that's not really the issue with your cards is it?

If you have an issue controlling your spending, I think it's important your DP does know about the card - so you can tackle this problem as a family.

You have a spending problem
You opened up an account in your 6 year old DD's name.
You are being charged 40% interest on your very account
YABU.

Please give the whole story tink

Tink, I read your other thread, people were saying you should tell your husband, but the feeling was you don't want to tell him incase you get another slap.

I have issues with over spending. If it's there, I spend it. Hence I refuse to apply for credit. If it's not in my bank, then I cannot spend it. I strill have a tendancy to leave myself short at the end of the week.

I now buy all the food etc. at the start of the week and organise any bills into weekly amounts eg. my phone bill is £41 per month = £11 per week. I take this money out on the day I get paid and hand it to someone I trust not to 'borrow' me bits of it.

Once I have paid everything that needs paying, then I can be frivolous with the rest. It's not easy but it's better than stressing over whether you can pay this months bills or eat next week.

Your DH's credit rating won't be affected. The way records are held changed in 2004 so, unless you have a listed financial relationship with him, it won't affect his rating.

surely as her Husband he must have some financial linking ?? What if he checks credit report ?? I obviously miss most of this thread as to the background but 6 year old DD ?? and another slap ?? What do you want us to tell you that no they are your debts keep it a secret nothing to do with him ?? Well yes it is nothing to do with him per se but certainly a lot to do with you !!