Getting a bond

L

LayEdla

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I am currently unemployed and have had a few debit orders bounce and also have lots of debt. The reason for this is because I lost my job. My husband has a good job and no debt, earning a decent income. We are married in community of property though. Would he be able to get a bond for a house with my bad financial record?
 
Will the banks do the appropriate checks if all the debts is in her name and the bond is in his?

@OP, why not wait till the debts are settled or your financial position improves. Also, the assumption is that you can afford the bond.
 
Shi said:
Will the banks do the appropriate checks if all the debts is in her name and the bond is in his?

@OP, why not wait till the debts are settled or your financial position improves. Also, the assumption is that you can afford the bond.
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He can afford the bond for sure. We pay our debts separately.
 
Shi said:
Will the banks do the appropriate checks if all the debts is in her name and the bond is in his?

@OP, why not wait till the debts are settled or your financial position improves. Also, the assumption is that you can afford the bond.
Click to expand...
He can afford to pay the bond for sure.
 
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Shi said:
Will the banks do the appropriate checks if all the debts is in her name and the bond is in his?

@OP, why not wait till the debts are settled or your financial position improves. Also, the assumption is that you can afford the bond.
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COP, her debt is his.
 
how do you have unpaid debts, i.e bounced debit orders if your husband is making decent money?
 
LayEdla said:
That's another story but I am realizing that my bad financial situation has probably ruined his.
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I mean together you should be responsible adults, you are married and COP, he should be covering your debt while unemployed unless there are serious issues going on in which case the last thing you should be considering is a bond
 
Steamy Tom said:
how do you have unpaid debts, i.e bounced debit orders if your husband is making decent money?
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LayEdla said:
That's another story but I am realizing that my bad financial situation has probably ruined his.
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Steamy Tom said:
I mean together you should be responsible adults, you are married and COP, he should be covering your debt while unemployed unless there are serious issues going on in which case the last thing you should be considering is a bond
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She's hiding the extent of her debt from her husband.
 
Steamy Tom said:
I mean together you should be responsible adults, you are married and COP, he should be covering your debt while unemployed unless there are serious issues going on in which case the last thing you should be considering is a bond
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It's not so much that there's marital issues. We've always been 2 independent beings living in a marriage. Meaning, we operate independently whilst being one. I understand this is difficult to comprehend and mostly it's my fault because I've been so ashamed at failing that I dont even tell him what's up. I guess from the info I'm getting, the bond is a dream.
 
LayEdla said:
It's not so much that there's marital issues. We've always been 2 independent beings living in a marriage. Meaning, we operate independently whilst being one. I understand this is difficult to comprehend and mostly it's my fault because I've been so ashamed at failing that I dont even tell him what's up. I guess from the info I'm getting, the bond is a dream.
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If he doesn't know this then you two have maritial issues... Me and my partner are very much two separate beings also and handle our own expenses and finances etc but we still talk about things and share big expenses etc. The fact that he doesn't know things about you like your expenses and debt is a bigger problem than you think. Buying a house together or having a kid etc is not a solution. You should talk to him the sooner the better.
 
I'm sure your husband will be thrilled to hear that he'll never own a house because you lied to him.
 
Because you are married you should be sharing all info, especially financial as this is a general cause for divorce among many couples. I understand your point of shared debt, to a degree, but what you should be doing is pooling your funds together, paying off debts and other monthly payments, adding some money to savings and then using what's left for lifestyle expenses (clothes or whatever).

YOU NEED TO TELL YOUR HUSBAND NOW! This could not only cause issues for you but for him too. You are currently destroying him with your debt and not telling him. If you tell him now you will have more time to rectify the situation before it gets even worse. You cannot have a successful marriage and keep secrets. I think you both need to reevaluate how your relationship operates.
 
This us why we got an antenuptial. If one of us is in financial trouble for whatever reason it won't effect the other persona financial status. As far as communication goes we share everything as well as financial responsibilities.
 
LayEdla said:
It's not so much that there's marital issues. We've always been 2 independent beings living in a marriage. Meaning, we operate independently whilst being one. I understand this is difficult to comprehend and mostly it's my fault because I've been so ashamed at failing that I dont even tell him what's up. I guess from the info I'm getting, the bond is a dream.
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You're married in community of property - you’re not as independent as you think! Please tell the poor man.

I would buy the two beings in a marriage argument if you were married out of community of property.
 
3WA said:
You're married in community of property - you’re not as independent as you think! Please tell the poor man.

I would buy the two beings in a marriage argument if you were married out of community of property.
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I will have to tell him. Trust me, I feel horrible about this. I was managing just fine until about a few months ago. There's no way he would forgive me for this, but I will let him know.
 
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