Maybe you’re seven months out from your wedding when you discover your fiancé has $45,000 in credit card debt (an actual Reddit post we came across). Or maybe you’re wondering whether you’re on the hook for a personal loan your partner took out for a home renovation you did together. Either way, here’s what you need to know about your partner’s debt.
How debt works when you get married
Generally, debt brought into a marriage stays with the person who took it on. But things can get more complicated when a spouse takes on debt after getting married. In community property states, debts incurred during the marriage may be considered community debts, meaning both spouses can potentially be responsible for them (even if only one spouse took on…