In this episode, Caroline talks to Carmel Dickinson about being left £20,000 in debt when her fiancé at the time defaulted on his loans. And how it made her much more determined to talk about money in her relationships.
Many people find it hard to talk to their partner about money. Yet if you are sharing financial responsibilities - for a house, children, or bills - it is essential that you are able to have open, honest conversations about money with your spouse or partner.
Today's episode is a cautionary tale on what happens if your partner takes out loans that are secured against your jointly-owned house. How that leaves you potentially liable for those loans if your partner defaults on their payments.
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