Doctor Debt Blog
Forget until death do us part, let’s talk about until debt do us part! – what happens when a couple separate and one person wants to keep the house? Who is responsible for the payments, and are they involved in the bankruptcy in anyway?
I have to say that one of the most recent trends I am seeing concerns me greatly. Renting Furniture and Appliances! At first I thought I was misunderstanding. “So, if you don’t pay it, you lose the furniture and all of your money, correct?” I asked. The very distraught couple across from me, who according to their budget cannot afford the $300 per month they are paying for their furniture, nodded with sadness.
You divorced the fool…unfortunately not his debt…now what? ‘Till death do us part or ’till debt do us part?
There seems to be a common misconception about debt and who in a relationship is responsible for it. I’d like to take a few moments of your time and clear up some misconceptions if I may.
So, you’ve all but destroyed your credit score? What to do next! The steps are actually quite simple. Follow these, have a bit of patience and viola, you will be on the road to financial recovery in no time.
I had coffee with a colleague of mine a few weeks back and we had a lively discussion on the price versus the cost of items. I loved the concept so much I asked her to send me her a guest blog on the subject. I like the different perspective this gives us on purchases we make as we tend to focus on the obvious “price” but not necessarily the “cost” to us and the “benefit” received.
The story both excites me and terrifies me. It excites me because I have the opportunity to motivate others to do what I have not done. It terrifies be because I had not followed my friends advice and am now wishing I had spent less money on suede jackets, killer heels and drinks at the Misty Moon and had saved that money instead. So I urge you, read this, and pass it along to anyone in your life who can benefit from it today!