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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

Debt

30 replies

Mummy2223 · 20/08/2023 18:56

Hello
I posted a few weeks ago but again just want to check in. So my husband has been using credit cards he racked up 15 000 or so he said ( I know it be more now). He said it had gone on us and the children. He needed it whilst I was on maternity leave I Paid my share of the bills for 6 months and gave him all my statuary pay for the other 3 so we only had 3 months without. We got married during this time but I did contribute some towards this and checked in all the time about money for this he said it was fine, he has his own business so his income fluctuates to what he can take. I had no idea this amount was on credit cards. This wouldn't of totalled the £15,000 anyway. We borrowed £5 000 from my mum which I thought was for the wedding and that to my knowledge was it as we had paid most bits prior. This ended up on numerous cards with silly rates and he said it was me too and that he isnstuck with all this and it was spent on me. I consolidated them all into a loan in my name. Lower interest rate and share the monthly payments now.

I found out a few weeks ago after making it clear I wanted no more debt that he has since I consolidated at Christmas got another £20,000 possibly more this is loans and credit cards. I have asked so many times if he has anymore. He had more when I consolidated and lied saying that was it. He took a loan out 6 weeks after me consolidating he is now saying again its gone on bills ( I am back working so pay to the bills and kids). I have now separated and he is saying I am pathetic to want a divorce over this and no one else would that I spend all night thinking it over and coming up with different things in my head to what is true and that I only see it as black and white.

Am I right? I can't work out if I am over reacting I feel so confused as he seems to make me feel bad like this is my fault.

Thanks

OP posts:
taxguru · 21/08/2023 10:33

If, and it's a big IF, you want to give the marriage another chance, you need to give him an ultimatum to provide you with ALL his bank and credit card statements for the last 3 years, private AND business. That way you can analyse them on a spreadsheet to see exactly what his income is and how he's spent so much money and exactly what level of debt he is in. Knowledge is power! Then you can work out a resolution together. IF he wants to save the marriage, he'll agree, if he doesn't agree, then start divorce proceedings and get a good lawyer.

I'd strongly suspect he's also in debt with his self employment - probably not up to date with supplier payments, probably got tax debts, possibly even not declaring his full income to HMRC, so maybe tax evasion in the mix too!

He is clearly incompetent dealing with his finances.

Mummype · 28/09/2023 18:51

Hi guys. I am a 35 yo woman married with 2 kids. 5 years ago I had racked up 30k if debt which I hid from husband and everyone. It got too much and I drove into a lorry..I don't know how I survived but I did. To protect my MH I was told to completely ignore letters etx and forger it but I can't forget it anymore. After everything I have about 100 spare to pay off. Will anyone help me? I'm starting to spiral again and I'm very scared

BMW6 · 28/09/2023 20:29

mummype
You should start a new thread with your post, as this one was started by another user so people will answer to them.

Starting a brand new thread will get a much bigger audience and widespread opinions/ advice.

Certainly from other threads I've seen Stepchange seems to be the people to help manage your debts and take some of the worry and stress off you.

Keeper11 · 02/11/2023 18:58

This happened to me. I look back and think my husband was addicted to spending money. You need to go to CAB and find out about FREE Debt Management Plans. These may well freeze interest, and/or reduce debt. But in any case they take over the debt and the debtor has to pay a certain amount every month, which after a few years will clear the debt. He will not be able to get hold of any more cards whilst in the plan. It’s hard, but better than watching the debts escalate. And of course your husband has to agree. Good luck.

myopinionmatters · 02/11/2023 19:22

He might need to go bankrupt or debt relief order. Horrible for you though, debt is so stressful

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