Woman Warned Not To Marry Partner Who Lied About $56k Debts: 'Red Flag'

A woman has been warned not to marry her partner who she claimed lied about his loan debts.

In a viral post shared on the U.K.-based discussion website Mumsnet, which can be seen here, user Beanzz explained her fiancé (whom she was due to tie the knot with in two weeks) had recently taken out a personal loan.

But, as the post continued, the Mumsnet user claimed he had "lied" and taken out much more than he initially told her.

Alexander Voigt, founder and CEO of investment, trading and personal finance website daytradingz.com, told Newsweek that "lying about current debt is not good" and that mutual distrust "leads to escalating actions."

According to consumer financial services company Bankrate, the average household debt per U.S. household as of September 2022 stood at $96,371. It added that as of the same month, collective consumer debt in the U.S. stood at $16.5 trillion.

In the post, the Mumsnet user added: "He told me it's to support his new business due to [the] cost of materials going sky high, delays in building work, etc. (this is true).

"He said he did this for his existing business when it opened seven years ago and was fine and paid it off. However, I've just found out he's taken another £25,000 ($28,217) business loan out for his existing business on top of this new personal loan for a new shop.

"I also found the personal loan is for £50,000 ($56,435) not £30,000 ($33,861). So he lied about this which is a red flag to me."

She added: "The fact he lied about the loan amount concerns me. He's wonderful in every regard otherwise, loving, sweet, hard-working."

"But I am panicking, I did some Googling and I won't be liable for his debt, but I am worried about entering a legal marriage with someone with such huge debts."

Voigt told Newsweek: "She is obviously in fear that marriage can ruin her finances."

The daytraderz founder said there were solutions to the issue should she want to go through with the marriage that could keep her finances more secure.

He said: "You never know the entire background, but when there is one thing that becomes obvious in that situation, a marriage contract is a good idea since it helps keep financial aspects separate.

"In addition, it protects them from those things they don't know about each other."

Since being shared on October 18, the post has attracted 195 responses on Mumsnet, with many asking her not to go through or even postpone the wedding.

One Mumsnet user simply said: "Don't marry him."

Another added: "Postpone the wedding. Not because he has business debts, but because you two clearly haven't talked nearly enough about your attitudes to money, debt etc."

A third posted: "Wow OP (original poster), that would be a deal breaker for me to be honest. There is no respect and trust if he lies to you. Especially about something that important."