4.6 • 682 Ratings
🗓️ 23 July 2025
⏱️ 9 minutes
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0:00.0 | Brought to you by the Every Dollar app. |
0:04.3 | Start budgeting for free today. |
0:06.7 | So I recently found out that my boyfriend of a decade is in $80,000 of secret credit card debt. |
0:13.0 | I knew he had 40 grand in student loans that he was slowly paying off. |
0:17.6 | And he recently asked me to co-sign on a hundred thousand dollar helot on his home that he owns. |
0:25.5 | My name is not on it, but I do live there. |
0:28.1 | I've only lived there about last two years. |
0:29.8 | Oh, my gosh. |
0:30.5 | So then he can pay off that credit card debt because he has maxed out every card and is pretty much at the end of his rope. |
0:38.4 | How did you find out about this? |
0:40.6 | He hit the end of the rope. |
0:42.3 | Oh, man. |
0:43.2 | What is his addiction? |
0:46.4 | Cars. |
0:47.6 | He runs his own classic car restoration shop, and I thought he was making more money than he was. |
0:54.2 | Apparently, he wasn't. He was leveraging most of it on credit cards. |
0:57.6 | He is excellent at what he does, but he is not good at the business side of things. |
1:02.8 | He sees a car. He wants, he gets it. He cycles through like three or four sports cars a year. |
1:09.5 | Hmm. Interesting. Yeah, he sees, he sees a build. He buys it. He builds it. He builds it. He sells it. Repeat, repeat, repeat. So you definitely told him you're not signing, co-signing the $100,000. Yeah, he lock, right? Because if he takes one of those sports cars and wraps her on a telephone pole, I'm stuck with his |
1:27.7 | debt for the rest of my life. |
1:29.7 | Yeah, that's one way to put it. |
1:31.9 | For context, I did not live with him for the majority of our relationship. |
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