Should You Ever Pay Your Significant Other’s Debt?

By Stephanie Faris

When it comes to relationships, love doesn’t always conquer all. Financial matters have the ability to cause friction between an otherwise happy couple, leading to repeat arguments that can eventually kill the relationship.

Studies have shown that married couples that argue about money are more likely to divorce, even if the disagreement pops up only once a month.

Short of running a credit check before every first date, there isn’t much a person can do to ensure someone is financially stable before starting a relationship.

There are many people who have great jobs and impressive incomes, and yet they are struggling with a mounting pile of debt.

Some may even present themselves as having a great deal of disposable income, which means by the time you learn about their behind-the-scenes debt, you’re already in too deep. What should you do if you find yourself in a relationship with someone who has substantial debt?

Once a relationship begins to get serious, many people ask the question, “Should I help pay my significant other’s debt?” This often comes into play when a couple considers taking on a major financial obligation together, such as purchasing a house.
Having low debt and a great credit score becomes more important than ever, which could lead a person to want to pitch in and help their partner.

In recent years, many Americans have fallen on temporary tough times. One job loss can wipe out a person’s savings and lead to tens of thousands of dollars in credit card debt.

Whether you met someone after he had recovered from tough times or those tough times occur after you met, should you pay a significant other’s debt? Unfortunately, the issue is never black and white. There are several factors that come into play when making that decision.

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