Does Too Much Debt Lead To Divorce?

Thursday, Nov 7, 13

Let’s look at the most common issues and some possible solutions. I’ve seen way too many times how debt can lead couples down the path to divorce. I consistently hear two major issues which lead to marital turbulence.

PROBLEM 1: The Hidden Debt.

By far the biggest debt issue I hear is undisclosed debts. Basically, one partner is incurring debt the other partner is not aware of. At first glance, it would appear one spouse has a spending problem they don’t want to disclose. I actually find this is rarely the case. Based on my experience, hidden debt is generally incurred based more on needs than wants and the partner doesn’t disclose the debt due to not wanting to add more financial pressure on their partner. I recall a wife so desperate for help with getting her debt under control but she was not willing to confront her husband with the problem. She kept saying how hard working he was but he was just not making quite enough money to get by. She said the debt was small at first but the small monthly charges on the credit cards used just to get by each month ended up growing and growing. I must admit, I felt terrible for her but explained she must do something.

PROBLEM 2: Too Much Debt.

The second most common debt issue I hear it simply just having too much debt. Compare getting into debt like gaining weight; it is always easier to gain both of these and much harder to get rid of either. Mounting debt simply makes things worse month by month. As your debt mounts, so do the monthly payments that are required to maintain these debts and this leads to more debt. It really can be a vicious cycle that ultimately leads to financial hardship.

Possible Solutions

If you are hiding debt from your partner, find the courage to stop hiding the debt and work together for a solution. It may be hard to break the news, but you are much better off having this talk sooner rather than later as this debt problem generally only gets worse.

If you and your partner simply have too much debt, sit down and work out a solution. Find a solution that works best for you and stick to it as a team.

There are many ways to get out of debt. Here are the most common.

Work out a budget and find out where the true problems exist. It’s amazing if you write down every single penny you spend how you can find money being wasted on non-essentials. If you have more money going out on the essentials that you bring in, you may need to consider other debt relief options.

Consider speaking to a Bankruptcy Attorney. Many Bankruptcy Attorneys offer free initial consultations to explore if Bankruptcy will help you in your time of financial hardship. Bankruptcy certainly is not for everyone but it is great to review your options.

Consider Debt Settlement. A good solid reputable Debt Settlement company can offer alternatives to Bankruptcy. Debt Settlement is not for everyone but it is great to review all your options. offers Debt Settlement but only to those facing financial hardship.

Bottom line, get your debt under control and you will have a much better chance of making it to your 50th wedding anniversary.

Chris McConville is the President of Credit Education at He is the founder of where he serves nationally as an Expert Credit and Mortgage Witness in both Federal and State Courts. He has over 22 years experience with credit reporting, FICO scoring, correcting mistakes on credit reports, mortgage origination, underwriting, and pricing.

About the Author

Credit Reporting / Scoring Expert, Chris McConville is the President of Credit Education at and founder of where he works as an Expert Credit Witness in both Federal and State Court. With working in the credit and mortgage fields since 1991, he’s dedicated to sharing his knowledge to educate consumers.

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