Imalia Blog

Relationships and Money: Partner related Debt

Written by Carole-Anne Priest | 13-Jun-2017 00:00:00

The debt that you might acquire as a result of your intimate relationship (marriage or de facto), as opposed to a debt that you take on consciously, has been termed ‘sexually transmitted debt.'

This type of debt might result from a loan that you agreed to be guarantor on, or a rental contract for your previously shared home, or from a mortgage with an ex-partner. However, there are also other ways in which you could incur debt that is not entirely your own. Partnership related debt is on the rise, and it can have serious, long-term effects if you’re on the receiving end of it.