Personal Debt-Information On Average Personal Debt, Personal Debt Consolidation Loan, Personal Debt Consolidation

unknown asked:


My BF has admitted that he has incurred some debt over the years due to buying a house, a jetski, a vehicle, and keeping up his property and house. At first he only told me he had about 8,000 US dollars of debt which I didn’t think was too bad. He has a good job and isn’t in fear of losing his job.
Then today he told me that he has about 15,000 in debt and the 8,000 was only the credit card total debt not the whole debt amount.

He has about 20 dollars in savings and hasn’t bothered saving any money. I want to get engaged and married but on the other hand I am worried due to his and my financial situation. I have no personal debt but I have only been able to find work 1 day a week, occasionally 2 days a week. If I marry him I will have to quit my job because it is located too far away from his house. So I will have to continue looking for work but doubt I will find any in my field. And if I stop working in my field (healthcare) I will never be able to get a job in my field later due to the fact that employers will say that I don’t have enough experience and will not like that I haven’t been working in my field.

I worry that supporting me will be too much for my BF. And I worry that we won’t have much of a wedding at all because he has no savings and only debt. Also we want children someday but with his 1 salary, no savings, and only debt I worry that he/we will just incur more debt and never be able to save money.

At my encouragement he has stopped using his credit cards and is paying off his debt (highest interest debts first). But he said it might take him years to pay the whole thing off (he estimates 3 to 4 years to pay it off).

My question is would you, as a woman or man, marry someone who has no savings and is only now starting to pay off their debt? Would you marry them if that person would have to be the sole provider for the family? I will try to work when I can but in this economy I may not be able to find a job. And the other problem is that my BF lives far from the city where there is less work and basically no work available in my career field. I have even applied for jobs unrelated to my training (lower level jobs) but have not even been called for an interview for anything not in my field. Due to the housing prices falling my BF can’t afford to sell his home and move closer to the city, where I have a better chance of getting a job.
I really don’t know what to do. I want to be with him but there is no work available for me near his home. And he has no savings and only some debt.
Yes my BF owns his house. This is his 2nd house. He owned a fixer upper house years ago and fixed it up a little and sold it (before the economy went bad). He bought a house in the part of my state where houses cost less. He was able to put about 80,000 down when he purchased the house and he did not buy a house beyond his means (like many people who are foreclosed on now did in the past). We are adults. He is 34 and I am 29.
Read my whole statements and questions before commenting please. Brookie I explained that I have been unable to find work, even in other fields unrelated to my training (lower level) and still can’t find work more than 1 day a week. And due to where my BF’s house is work is unavailable here in my career field. I have been on more than 40 interviews in the past year. And there are only about 10 job openings in my career field available every month for my entire state.

Josiah Werlinger