Student loans, card balances, car loans: most people bring some debt into a relationship. Talking about it openly helps you plan together.
Good to share
- Each debt, the balance, rate and monthly payment
- Whether any accounts are behind
- Your plan to pay them down
Good to know
Debts from before marriage generally stay with the person who took them on, but rules differ in community property states. Joint accounts and co-signed loans make both people responsible. A professional can explain the rules where you live.
General information, not legal advice. Coin Jar Club isn't paid by any bank, lender or app.