How can I tell my partner I’m in debt?

When you tell your partner about your debts, it’s a good idea to show them all your financial documentation including credit card and bank statements, loan information, and a copy of your credit file.

This allows them to see the full situation including how much money you owe and to whom, and whether you’re facing legal action if you’ve fallen into arrears. Your partner will also need to know the reasons why you’re in debt, and any plans to deal with it.

When should I tell my partner?

It’s advisable to choose a time when there are no plans for the day, and you can take the time needed to explain everything. You may choose to write a letter to tell them what has happened, and then discuss the situation with your partner.

This can help to get your thoughts in order, and allows your partner a little space to absorb the information before talking to you. Whether or not you’ve fallen behind with repayments,  telling your partner won’t be easy. By doing so, however, you can relieve some of the burden you’re under and move forward positively towards a solution.

If you would like more information on dealing with debt, Scotland Debt Solutions can help. We’ll provide independent and trustworthy advice on your best options, and ensure you have a workable financial plan for the future. Call one of the team to arrange a free same-day meeting – we have five offices located around Scotland.