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DailyFinance: Couples' Money Secrets—Financial Counselors Reveal Tales of Lies and Debt

Secret Girlfriends and Motorcycle Moments

Financial secrets aren't limited to young couples. Willix, from InCharge Debt Solutions, recalls an 80-year-old couple that came in when the wife found out that he had been hiding his credit card bills from her because he'd been using plastic to take care of his girlfriend.

"The wife said she was not going to leave him and let the girlfriend get all his money, so she took the bills and signed him up on a debt management program," says Willix.

When a husband and wife in Columbus, Ohio, came in for credit counseling with Ann Estes, senior director for national affairs and partnerships with Apprisen, their budget didn't reflect the balance owed on a motorcycle that showed up on the credit report.

"The wife said, 'Oh, that's not ours, it's his brother's, we just allow him to park it at our house and he allows my husband to use it whenever he wants,'" says Estes. "Unfortunately, this wasn't true. The husband confessed that it was indeed his, which led to an interesting remainder of the counseling session."


More From DailyFinance:
Marriage and Money: What's the Best Way to Join Finances with Your Fiance?
Where Does Your Spouse's Credit Card Debt Go When They Die?
Adultery Between Married Partners: A Recession Strategy?

The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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