Do you believe that your wife pays off your debt with a big fat check? Many men think this when their wives are suddenly telling them that they need to save or budget more money. If you were once a responsible spender, and now you find that you can’t even keep up with your monthly obligations, you may be suffering from wife pay debt. Here are some tips on how to help you get out of wife pay debt.
In order for you to determine if your wife is using her credit card to pay off your debts or if you have an accounting problem, you will have to ask her why she has to spend so much money. If she says she works too hard at the office, it may be because she has a tough time staying on top of her finances and making a budget. Other times, she may have outstanding debts and a low credit score, which can lead to recurring debts.
If you find out that your wife pays debt with credit cards, she may have consolidated her bills into one. This means that she has multiple credit cards and is paying off just one at a time. You should ask her why she would do this since it is not healthy for her credit score. Credit cards with low limits and high balances can hurt your credit score, but having a lot of recurring debts that go unpaid can hurt it more. It is a good idea to take a look at your own financial status and see if this is something that is affecting it negatively.
It is also possible that your wife pays debt with a co-signor. If she has a friend or relative that is willing to act as co-signor, you don’t need to obtain a legal divorce. This is often a common practice in communities where there is a large number of couples who are splitting up. If you are lucky enough to find a willing co-signor, you may be able to save a great deal of money on your divorce costs. Having someone who is emotionally willing to take care of the finances can be extremely beneficial.
If you want to know how to get my wife to pay debt, another good place to start is the assets of debt. This will allow you to see which of her debts are easy to liquidate. For example, if she has a lot of medical bills, a home mortgage payment, and credit card payments, you may be able to take those debts and sell them in order to make a lump sum payment. If she has a lot of student loans and other similar debts, it may be more difficult for her to liquidate some of her assets. It is important to talk with an attorney before proceeding with any asset liquidation due to the fact that they can prevent a court from making a fair decision regarding her wealth.
Another way to improve your credit score is to avoid making any large purchases with your credit cards. Even a vacation or something smaller than a night out can have a negative impact if you are unable to pay the balance off within a month. If possible, try to put the purchase on a credit card with a low rate balance transfer and pay it off quickly. If this is not an option, you should be sure to make payments on time to show that you are not a credit risk and you are capable of keeping up payments on any debt that is incurred.
As you can see, there are plenty of ways that you can keep your wife from filing for bankruptcy. The most important thing that you can do is be honest about your financial situation with her and explain your plans. She will be much more likely to listen to you if you are genuine. You may also find that it is easier to get debt counseling if you have been honest with your wife about your financial problems.
By following these tips, you will find that it will be much easier to get my wife to pay debt. Even if she is not planning on filing bankruptcy, you will at least have a way to keep her out of the house until you can both come up with a solution. You will be able to save your marriage and possibly even your home from foreclosure or repossession. Now all you have to do is figure out how to get my wife to start feeling comfortable about financial issues again.