Many times, a person will try to keep credit card debts a secret from his or her spouse. However, usually one will have to eventually reveal the overwhelming debt problems to one’s family in Texas or in any other state. This is what one husband was forced to do after the family’s credit card debt had reached unmanageable levels.
His wife was surprised to learn that he owed $89,000 in total debt on 11 credit card accounts. The family’s financial problems began when the wife decided to leave her part-time job in order to begin a family in 1994. However, the couple did not make any financial adjustments required to address the decrease in household income. Nine months later, the wife ended up giving birth to twins, which meant double the expected expenses.