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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

Husband secret debt

186 replies

Headspinning188 · 13/11/2020 18:57

Hi, thanks in advance for reading. Last week, it came to light that my husband has hidden around 70k in debt from me (gambling addict). I had no idea and the shock has hit me like a train. I discovered this by opening a letter as I had a niggling feeling something was wrong when lots of post was starting to arrive. He claims he has been trying to tell me. Since this revelation, my husband claims to have told me everything. That he already has started the process of setting up a debt management plan to repay it (this will take multiple years), that he will easily be able to afford the repayments etc. This being because he had also lied about his salary to me, with him receiving substantially more than he told me. He has stolen all our savings to fund his habit.He has also borrowed substantial amounts from family members under false pretences. The lies and deceit are obviously huge. We are talking 10+ years here of deception. He is full of remorse and has passed everything over to me, including all.his banking details and credit files.Thank god, he has been paying the mortgage and none of the credit is in my name. We have a child together. Husband is a good father and has been a good husband on face value! My husband has promised me that I will be able to take the equity from our house sale to enable me to buy a property for my child and I. I will be able to afford this on my salary, just. What I'm asking really is do I walk away knowing that my son and I will be financially safe although lonely and less well off. Or do I stay, knowing that the debt is hanging over us and always having that feeling of distrust regardless of whether I have full control of all the finances. I'd really value some impartial opinions. Many thanks.

OP posts:
Headspinning188 · 13/11/2020 20:26

He can easily afford the repayments and knows that if he misses one he will never see his son again. His own mother backs me on that. I also have access to his bank account where his salary goes in so can see the payment going out but yes I plan to sell as quickly as possible.

OP posts:
WhatsErFace2020 · 13/11/2020 20:27

OP Believe it or not your post prompted the long long time lurker that I am to create an account so I could also try and impart some wisdom. Apol in advance for the lengthy post..

I’ve been married to a Gambler for years - although he hasn’t actually gambled a penny for years, he would still consider himself a gambling addict. To be honest nothing to the level your DH has.

Each relapse I found out because he told me, they are desperate for you to know really, it is a sickness. We have curbed his Gambling (for now before anyone jumps on me - I’m well aware it’s likely to reoccur) By me taking complete control of the finances and having full access to all his account. He is also banned from all gambling sites and betting shops. He did undertake therapy for this as well as gamblers anonymous - but I would say the only thing that actually stops him is the thought of losing me.

I understand exactly how you’re feeling right now, it’s almost like they’ve cheated on you - the lies theyve told and behaviour before they are found out are much the same as an adulterer.

People can change, please dont make any rash decisions, by all means go and see your solicitor and sort your finances out. This is an addiction and I’m sure you’d try and help if it was alcohol for instance. If all else fails at least you’ll know in your heart you tried X

nancybotwinbloom · 13/11/2020 20:28

My best friend worked in a casino for years.

She said they can never give it up. They have a look in their eyes.

I've been through this. Not to your extent but it got worse or more blatant when I left. He admitted more because I couldn't complain as we weren't together.

He needs help. To deal with this.

You May need counselling to see if you can deal with this as his life choice.

For now, get a set amount in your bank from him to cover costs of tuning your house.

cuparfull · 13/11/2020 20:28

Soz crossed thread. Glad to see you're seeing a solicitor. Take care of yourself and your child.
OH needs to fix himself but don't believe a thing he says atm.

MrsPerfect12 · 13/11/2020 20:32

Make sure the debt management plan doesn't take the house equity. I believe some do.

MrsKoala · 13/11/2020 20:34

My paternal grandfather was a gambler. My Nan lived with the insecurity of it all. When my grandfather died in his mid 50s my dad was 22, it was 1967. No one at his work made a collection as they would do for other colleagues, because he owed them all money and had lied so much. No one had a good word to say about him. Debt collectors even turned up at the funeral. My Nan then discovered he hadn’t paid the rent for years. The landlord offered her to pay it off if she moved in with him and became his ‘housekeeper’ (you can imagine what her duties involved).

If it were me OP I would leave. I couldn’t ever be with a gambler. It makes me feel queasy just thinking about the insecurity.

MrsPerfect12 · 13/11/2020 20:35

Have you thought about some therapy, taking control of finances and putting house in your name so you wouldn't end up homeless. See how this all pans out before making the split. I'm so sorry this has happened.

BessieSurtees · 13/11/2020 20:36

It’s good that you are making plans, but I don’t think you can use your son for ransom. Good luck, I hope you get no more nasty surprises.

GeorgiaGirl52 · 13/11/2020 20:38

@Headspinning188

My gut tells me walk but I'm worried about how my son will manage. None of this is our faults, it's so unfair. But like my mum said my son will feel a lot worse when his father leaves us homeless from another mistake! I can afford a 2 bed house comfortably for my son and I and my husband will obvs have to pay support. I just wondered if I'm rushing my decision but the trust is gone.
The trust is gone. Your words. A marriage with suspicion and fear is not a marriage. Your mother is right. Your son needs security. (I would be contacting all your relatives that he borrowed from and be sure they know you had no knowledge of the loans. Try to make sure those are paid in full first.) Also, if he is not in therapy or GA, there will come a time when he will decide that the best way to pay what he owes is with One Big Win!! Remember, he did not confess until he was caught. Ten years is a long term addiction.
XmasIsSoon · 13/11/2020 20:41

I have a close family member who is a gambler so I have experience. They will look you right in the eye and lie straight to your face. They only feel remorse when they get caught. It's terrible. I would 100% leave.

Standrewsschool · 13/11/2020 20:41

If he can easily repay the repayments, then that makes his gambling worse. £70000 paid off over 17 years is roughly £4000 a year, and that’s without any interest. £70000 debt accrued over ten years is £10000 debt per year.

AcrossthePond55 · 13/11/2020 20:43

Dealbreaker. Just as absolute a dealbreaker as cheating. In fact it IS cheating, it's cheating on you with 'Lady Luck'. There is no coming back from this. Every moment of every day you'll have that niggling little doubt about where he is, what he's doing. Just like a woman whose husband is unfaithful. You are looking at the rest of your life here. Do you really want to live with the specter of financial ruin hanging over your head?

A friend's father ran up debt, bankrupted the family business, emptied the bank accounts, and took out a 2nd mortgage on the family home to fund his gambling habit. He and his wife ended up divorcing for financial reasons with him taking all the debt and signing the house over to her. They'd been married over 50 years when this all came to light so they still live together. And he's still at it! He pawns anything that isn't nailed down, tries to get bank loans and credit cards, lies to friends/family about why he needs money. He's no different than a heroin addict. Why his wife stays is beyond me. Her money is separate but he harasses her until she gives in to him and gives him cash. Their children have tried and tried to get her to turn her finances over to them so he can't get money from her but she refuses because she doesn't want to have to deal with his anger. Is this what you want for yourself and your children?

My husband has promised me that I will be able to take the equity from our house sale to enable me to buy a property for my child and I.

His 'promises' mean jack shit. Get to a solicitor and get an airtight legal agreement for him to sign. But don't be surprised if he won't sign it.

Bananaman123 · 13/11/2020 20:44

I would get some legal advice re your rights and security on your current property, might find it difficult releasing equity with so much debt, meaning debt will get even higher.

sassbott · 13/11/2020 20:50

Christ. Be careful here. He could very easily decide to declare bankruptcy instead. In which case bankruptcy proceedings could put a hold on everything (joint bank accounts) and come after the house.

Sorry OP I haven’t had time to RTFT. But your immediate priority should be to shut down/ freeze any joint accounts and credit cards.
Family should be told (so they don’t continue to loan him money).
And a solicitors asap. My understanding of this situation is that if you decide to separate and a financial settlement is attempted, somewhere in that agreement (to protect you), he will need to sign an agreement basically saying that he takes full undertaking for all the debt and is fully able to repay it.

Sorry Op but I would seek a divorce ASAP. And get separation of affairs quickly. Once divorced, none of his debt is your responsibility.

He’s been hugely irresponsible. And breached core trust. Sorry but I couldn’t stay with someone who did this.

KickAssAngel · 13/11/2020 20:52

10 years of lying is very serious - it's his way of life and who he is. Do you really think he can fundamentally change, and change willingly?

If the answer is "yes" there are a couple of possibilities:

  • you take full control of all finances, he becomes entirely dependent on you for all access to money, and there's full transparency. He could end up getting very angry & resentful towards you, and it creates a lot of responsibility for you, while giving him none. If he fucks up again, you leave, but he could put you at risk of financial ruin.
  • you could divorce, move into your own place, but continue to have a relationship with him. You are each financially self-sufficient, and if he genuinely wants to change he'll put the effort into being a good parent and partner, with the view that you could reunite once he, and his finances, are more stable. It will involve the pain of splitting up but keeps you financially safer.

I can't see how, after that much deceit, you could continue as you have been, and just hope that he'll resolve things. He can maybe hold it together for a few months, but he will revert to type if there aren't some real structural changes in your household.

Dopeyduck · 13/11/2020 20:56

Controversial but I could forgive this if he’s otherwise a good man but it would be conditional on him getting proper help.

WitchOfTheWest · 13/11/2020 21:06

My exh ran up debts behind my back (not gambling). When I left him I got screwed for 50% of the debts. My name wasn't in any of the credit/store cards, loans or overdrafts. I was told that I'd have to prove he'd spent all the money on himself (which I couldn't) if I wanted to leave him with the debts.

You're married so they're half yours. I'd be checking everything carefully.....see if you can find online transactions showing all the money went on gambling.

I lost my share of the equity in the family home due to debts I didn't run up.

Strawberrycreamsundae · 13/11/2020 21:11

He’s a thief and a liar and gaslights you.
Do you really want him around your DC? Get out OP, you’ll never be able to trust a word he says. Run.

Choccylips · 13/11/2020 21:15

Have you spoken to a solicitor about the equity or taken advice what your husband says and what the law says are two different things.

ItsmineAllmine · 13/11/2020 21:17

@BubblyBarbara

For better and worse and all that.

Agreed. This is an illness, it’s not like he’s been chasing other women about

Sorry but this is such a short sighted comment. Why infidelity is seen as the worst of the worst, but other huge breaches of trust aren't, is beyond me. I'd rather my husband had cheated on me 'chasing other women' than gambled our money away in secret.
sandragreen · 13/11/2020 21:19

You have to leave whilst there is still a possibility of keeping a roof over your child's head Sad

sassbott · 13/11/2020 21:20

What @WitchOfTheWest has said runs chills up my spine as this is exactly my concern.
Get to a solicitors ASAP and understand your liability here. Those of us on here to have lived it know what we are talking about.

Readandwalk · 13/11/2020 21:20

Friend is very very similar situation stayed. Her husband sought treatment. Nine years later they have a solid and happy marriage.

DianaT1969 · 13/11/2020 21:21

Separate your life, home and finance from this man. Then date him. He won't be able to destroy your life if he is a bit player on the side. He'll be around for your son. Just date him if you want to.

Bobthebuilder12389 · 13/11/2020 21:24

NC in case of outing

Firstly, I totally understand how you are feeling OP. My husband did the same to me. I found out as I was grieving a parent and had a newborn baby. Like you I had niggling feeling something wasn’t right. I can’t remember what prompted me, but I opened a bank letter which referred to a £5k bank loan. He swore that was it. Over the following month the figure kept changing, it was almost £60k in the end. He had a history of lying and I thought he’d finally gotten over it, but I was obviously wrong. Like your husband he felt sick, was a complete mess when it came to a head. What made it real was I didn’t keep it to myself, I’m not in the habit of airing my dirty laundry in public but I told our families, once they knew he had no choice but to come clean. If I hadn’t it would probably have broken me. To this day I’m not even sure where the money went. He’s not a gambler and I don’t think for a second he had another woman, it was just frivolouled away. I was a stay at home mum, the house in his name, I even had an old credit card dept ( it was in my name but joint debt) that he was supposed to be paying off but hadn’t so now my credit is shot.

Before we had kids, I earned more than him and managed all the bills. We agreed when I became a sahm he would manage all the bills & money. BIG MISTAKE on my part. I now feel so stupid to have done that.

We are still together 3 years later, like you I was worried about the kids. Things are good but very different dynamics now. He sought counselling and my name is on all his bank accounts. I open every letter addressed to him, and I question anything that slightly feels out of place. We consolidated and cancelled all credit cards as soon as they were paid. I have my own account we pay money into monthly. I made it clear at the beginning that I was never going to be left in this position again, I needed money just in my name that I could fall back on should anything like this happen again. I don’t like managing him but it’s worked. I told him if he was truly sorry and wanted us to work he would have to deal with me micromanaging him going forward and for as long as I felt it needed. If he couldn’t handle that then it was over. There were a few times he tried pushing back and tried to flip things on me because he was “trying”, but I reminded him, he agreed to doing what ever I needed to make this work and he had lost any rights to my trust and had absolutely no ground to push back on me.

Even after everything he did, I tried not to loose it with him. I did blow a couple of times in the early days when I felt he was doing his usual, it’s been a couple of weeks she must be over it routine. He had a problem and I supported him through counselling. When he was done I checked myself into counselling too. My GP had been trying to get me on antidepressants since it started, I finally agreed. I think this was when reality hit him, that I felt the need to do this as that seemed to be the turning point for him, that he knew how much it had damaged by me to a actually go on antidepressants and seek counselling.

These days I very rarely question him, there maybe an odd occasion but he no longer takes offence and understands it’s just me making sure I have the facts for my sake. One thing I do say when asking him anything is, think before you answer... it’s a silly thing but it works, I think he’s wired to come of with a lie sometimes, but he checks himself now.

You may decide to end things, Just do what’s best for you. If I hadn’t had let him take all control and I had a better standing financially I may have left. I’m happy I didn’t, we are in a good place now. I hope things work out for you either way x