My husband and I are very happy unless it is about money. He is a very even tempered man unless money is brought up. He makes more then I do but our bills are split right down the middle. I have paid our morgage and car payments late and they have reported on our credit. He is going to look up our credit rating soon because he was turned down for a credit increase. I don't know what to do I'm just sick about it. I'm not sure if I should tell him before he finds out? We have two small kids and I just never wanted them to witness us fighting over bills.
2007-07-26 10:23:25 · 5 answers · asked by Tara W 1 in Business & Finance ➔ Credit
WARNING!
Please beware of providing your information to unknown sources over the internet. You should only do this if you know the recipient well and it was initiated by you.
A lender will never ask for this information over the web. If you get such a request from a trusted & known source by email, call them by phone to verify.
Phising and other internet based fraud is more & more common.
Please seek counseling, if only for how you manage your debt. Things like this can devastate a family, so please find a neutral party to assist, even if it is the financial institution who recently declined you. The response that you project from the inequity in bills to earnings appears to be a heavy burden on you regardless. If your credit is joint, then responsibility is joint. Life is too short. Your family and kids are too precious.
2007-07-26 13:04:13 · answer #1 · answered by B 2 · 0⤊ 0⤋
Are you sure that they are on your report? Unless you were more than 30 days late the late payments will not show up on your credit report.
You do need to talk to your husband, if the bills are pretty much split down the middle and he makes more then perhaps you and him have to have a talk about redistributing the bills.
Not knowing your exact situation, the other thing you might want to look at is working on a budget. For most people a Mortgage and Car payments are the biggest expenses anyone has. From what you said, it sounds like you are paying these bills on your own, and it only covers half of the total bills for the month. You might need to see exactly where your money is going and work out a budget to make sure everything are paid.
2007-07-26 10:43:19 · answer #2 · answered by OC1999 7 · 0⤊ 0⤋
OC has great advice as usual.
I hate preaching...but you have two major problems that need to be corrected.
What is this "our bills are split" nonsense? Do you have a clue how many marriages are destroyed with this "my money/your money/our money" argument?
You put ALL the income into one pot and pay ALL the bills, then decide how to spend the left over.
And you need a budget. It sounds like it's not as much a money problem as remembering to pay the bills. Create a worksheet and schedule exactly when bills have to be mailed out. This is the groundwork for a budget plan, and you will be amazed at how will you can organize things.
But until you get the money priorities figured out, you are wasting your time.
2007-07-26 11:50:31 · answer #3 · answered by Anonymous · 0⤊ 1⤋
Sounds like you should talk to him before he finds out and thinks you are hiding something. Maybe you should just let him handle the payments, that way if they are paid late, its his fault.
2007-07-26 11:20:10 · answer #4 · answered by frankie b 5 · 0⤊ 0⤋
Talk to your husband.
2007-07-26 10:34:48 · answer #5 · answered by hottotrot1_usa 7 · 0⤊ 0⤋