Women are often vulnerable to Sexually Transmitted Debt as they can feel obligated in the relationship to support their partner in debt, or if there is power and control exerted by their partner, they may feel compelled to sign for something they are not happy to. It’s a difficult area as relationships are meant to be based on trust and believing the best in your partner. But equally, the financial risks are great if the relationship breaks down or one partner takes advantage of the other.
You can read more about Separating Finances and Sexually Transmitted Debt at the Financial First Aid website.
Getting your finances in order is important and can be aided by Financial Counselling. If you find yourself unable to pay the bills, landed with a debt you didn’t know about or having difficulties separating finances from your ex, we can help you assess your situation and create a plan.