sexually transmitted debt, debt consolidation, payment plans, joint credit card, joint personal loan

Have you ever found yourself taking out a joint credit card or a personal loan just to please a significant other? Then, when said relationship has hit the skids, you’ve found yourself saddled with a broken heart and an unwanted debt?

Or, what about the stupid, broken and wrong relationship we women can sometimes find ourselves in, when you pay for absolutely everything, and your partner always promises to pay you back? Then, when they’ve shot through, they end up owing you thousands and thousands of dollars in unpaid utility bills and more? Forget sexually transmitted infections (STIs) – sexually transmitted debt (STD) too, can be painful, embarrassing and debilitating.

If you find yourself suddenly single, with an empty wallet, there are steps you can take to free yourself of, and/or better manage, your current STD and prevent another equally painful one from reoccurring in the future. Financial experts say to:

  • Get utilities jointly when you set up house. That way, if the bastardo shoots through, the gas, water, electricity, etc, aren’t all in your name. And ensure all utilities in your name are terminated once your relationship has faced the same fate.
  • Protect yourself (and your hard-earned) by asking lots of questions about your financial obligations before you go guarantor, open a joint account or allow secondary use of your credit card.
  • Read everything before you sign.
  • Keep an eye on joint accounts. What is he spending large chunks of your shared money on? Does he have a bizarre, inexplicable whitegoods fetish? This one happened to me!?
  • Contact all creditors to whom you owe money and arrange debt consolidation/payment plans, if possible. Alert them to the status of your broken relationship if you have joint accounts and/or a mortgage.
  • Be clear with your current love, as to whether something, such as an expensive car, furniture or appliance, is a gift or a loan. This may prevent great conflict and heartache later on, if the relationship goes sour.
  • Work out what bills and living expenses should be covered as a couple.
  • Keep your own account into which your income and personal savings go.
  • If your ex has gone AWOL, owing you bundles of cash, it might be time to get a good lawyer, girlfriend.

Image via Flickr

By Nicole Carrington-Sima