No matter how you slice it, helping with your partners debt will affect your finances. For example, cosigning on one of their loans or taking out a loan for them puts your credit score on the line. Never pay off your boyfriend or girlfriends debt at the expense of your own financial security.

Will my partners debt affect me?

Does my partners debts affect my credit score? Your partners debts do not affect your credit score in any way. Unless you are borrowing money through a joint account – which is as much your responsibility as theirs – their personal debts cannot affect your personal credit score.

What do you do when your partner is in debt?

Contents hideYour partner hasnt hidden anything from you.You dont land into debt.Your credit score is not affected.Support your partner instead of making him feel guilty.Keep your finances separate to some extent.Plan a budget and change your lifestyle too.24 May 2021

Are you financially responsible for spouses debt?

Generally, one is only liable for their spouses debts if the obligation is in both names. But, unlike a common law state, in community property states all debts incurred by either spouse during the marriage are shared equally, regardless of whose name is on the account.

How can I hide my debt from my spouse?

The Truth about Financial InfidelityStart by hiding any new income from your spouse. Overpay your taxes. Get cash back — lots of it. Open your own online bank account. Get your own credit card. Stash your own prepaid or gift cards. Rent a safe deposit box.