I read recently that
More than a fifth of the population keep their debts secret from their partners.
This revealing survey has shown just how bad the problem of debt management is. Not only are we a nation that gets into tremendous debt, but we then go out of our way to hide it from the people that could help us get out of it.
Not only is being in debt stressful, but trying to make repayments and cover your tracks without your partner noticing can cause real emotional and financial problems within the relationship.
Surely it’s not worth it. Be honest about personal debt with yourself and your husband, wife, girlfriend or boyfriend. It’ll be worth it in the long run - in most cases it becomes easier to share the problem and makes it easier to tackle your debt problems.
Read the whole article Hiding Debt From Partners at Finance Locator.
I became ecstatic with the information you have given. Really, it is stressful when you have heavy debt with you and you are not in a position to repay it. Your advice is very good, no one should ever hide their debt at least from the near ones.