Can I keep a debt consolidation loan a secret from my spouse?
<p data-sp-element="content">While no one wants to admit it, there are plenty of things that everyone keeps secret from their spouse. No one needs to know all of the details about your life, and there’s just some things that he or she is better off not knowing. For whatever reason, you don’t want your spouse to know that you’’re thinking about a debt consolidation loan. </p><p data-sp-element="content">If you’re struggling with your <a href="http://www.debthelpdesk.org/types-of-debt/" title="debts" target="_blank">debts</a>, then it’s obvious why you don’t want anyone to know about it. Being unable to pay your bills is embarrassing, and money problems are a frequent source of conflict in marriage. If you’ve taken out credit cards without your spouse’s knowledge, sometimes the best solution is to deal with the problem on your own. </p><p data-sp-element="content">It’s important for you to know that <a href="http://www.debthelpdesk.org/debt-solutions/how-does-debt-consolidation-work/" title="debt consolidation loans" target="_blank">debt consolidation loans</a> are completely confidential. Unlike refinancing your home, there is no requirement for the loan to be made part of public record. Furthermore, there’s no requirement that your spouse be notified of the loan. As long as you’re only consolidating debts that are in your name, there is no reason why anyone other than yourself and your debt counselor have to know about the loan. </p><p data-sp-element="content">Because these loans are online, there is no paperwork that has to arrive at your home. It’s possible for you to take care of your debt problems without anyone in your household knowing about it. Your debts will be combined into a single loan with a <a href="http://www.debthelpdesk.org/5-tips-to-negotiating-a-lower-interest-rate-on-your-credit-card/" title="lower interest rate" target="_blank">lower interest rate</a> and lower monthly payment than what you’re currently paying. If you’re struggling to make your minimum payments on your debt now, you’ll get a loan that you can afford. That means you’ll be able to pay off your debt without worrying about late fees and missed payments. </p><p data-sp-element="content">Debt consolidation will also pay off all of the accounts that you put into the program. That means that you’ll be able to close your credit cards and other loan accounts almost immediately after the loan is approved. You will no longer have to worry about bills and mail from those companies arriving in your mailbox. </p><p data-sp-element="content">If you just want to get out of debt quickly, there are debt consolidation loans that will allow you to pay more every month. Otherwise, use the cash you save on your debt for whatever you want.