How to tell your partner about your debts

Talking to your partner about money can be tricky, and if your financial situation includes debts, it can be even harder.

New research from StepChange has found that more than one in four adults in the UK would be unlikely to speak to a loved one about their debt problems. So, if you're struggling to open up to your partner, you're not alone.

💡 Debt doesn’t mean you’ve failed – it can happen to anyone

But while it might feel difficult, talking about debt can reduce stress, build trust, and help you work through money challenges together.

Here are some pointers on how to tell your partner about this side of your financial life.

It may not be an easy conversation, so make time to do it properly

Debt can be an emotional topic. So, it's important to allow plenty of time to talk it through with your partner.

Find an occasion where you have no plans and no distractions. This will give you as long as you need to talk through your situation and answer any questions your partner has.

Bear in mind that some people – particularly older age groups – might find conversations about debt harder than others. The same StepChange study found that almost one in three people over 55 would be unlikely to talk about their debt with someone they know. So, if your partner is hesitant or unsure how to respond, be patient and give them time.

Remember to protect your privacy

Sharing information like account details and logins is rarely a good idea, even with people you trust completely. Things can change, and if your relationship ends on bad terms in the future, your partner could misuse any information they have access to. Keeping certain things private can help you protect yourself from this kind of situation.

Start with the facts

If you're not sure how to open a conversation about your debts, start with the facts:

• How much you owe
• What kind of debt you have – e.g., credit card debt, or unpaid utility bills
• Whether you're being chased by creditors

If you owe a lot, then saying the number out loud can feel daunting. You may be tempted to test the waters with your partner by telling them about some, but not all, of your debts. But this may mean you need to have another conversation about debt in the future, which could lead to them feeling you've been dishonest.

Being upfront and transparent can help you feel more in control – and make your partner feel more involved and informed.

Share your plan to get out of debt

Once your partner knows what you owe, the next thing to talk to them about is how you're paying it off. Sharing your plan shows you're taking the situation seriously, which can be reassuring for them. Consider talking about:

• What approach you're taking to pay off your debts. For example, are you following your own plan or using a debt solution?
• What help you have, if any. If you've spoken to a debt adviser, then telling your partner this can help them see that you're tackling it in a considered way with help from a professional.
• How much you've paid off, and how much is left. Sharing your progress can inject some much-needed positivity into the conversation. Even if you still have a long way to go before you're debt-free, it's good to show what you've achieved so far!

If you're not sure what help is available, charities like StepChange, National Debtline, and Citizens Advice can support you with free, impartial debt advice – and help you put together a plan that works for your situation.

Take responsibility for your decisions, even if you no longer agree with them

Telling your partner how you got into debt can be upsetting. It may mean reliving a difficult period of your life, during which you had to make hard decisions about your finances.

But by showing accountability for those decisions, even if looking back you would have done things differently, you're showing your partner you've learned from the situation you were in. And if you've learned from your experience, you may be less likely to repeat it.

It's also a chance to break down some of the common myths around debt. According to StepChange, people often overestimate the role of things like gambling or alcohol in causing problem debt.

In reality, most debt is caused by life events outside our control – like job loss, health issues, or rising living costs. By sharing your story, you’re helping to challenge stigma and show that debt can affect anyone.

Explain how your debts affect your partner

Your partner will probably have some questions about your situation. You can get ahead of them by thinking about what they might ask and preparing answers. For example:

• Talk about the short-term impact of the situation. If you're putting every penny you don't need for essentials towards your debts, you may not be able to afford to do as much. Explaining this to your partner can help you manage their expectations and avoid disappointment.
• Consider the long-term effects of your debt. Your debts will have a lasting effect on your finances. They could make it difficult for you to borrow money for a number of years, which could affect your plans with your partner. For example, if you want to buy a house together, then only your partner may be able to get a mortgage, which could mean borrowing less and buying a different type of home.
• Tell them if their finances are affected by your debt. If you have joint accounts with your partner, then your debts could be affecting their credit score because of the financial association between you.

Be clear about how they can support you

How they can help is a question your partner may have at the end of this conversation. So, think about this ahead of time and tell them how they can support you. This might be:

💡Accepting that life will be a little different until you've repaid what you owe

💡Helping you budget or keep track of payments

💡Cheering you on and helping to keep you motivated to pay off your debt

Reassure them that you’re taking control – and that their support makes a difference. Just knowing you’re not facing things alone can be a huge emotional boost.

Know where to find help

Talking to your partner about your debts may make you realise you need help, either with your money or your relationship. You can get free, impartial advice from:

• StepChange – provide free debt advice and access to debt solutions.
• Citizens Advice – advise on all kinds of money topics.
• Money Wellness – free debt advice and help with debt solutions.
• MoneyHelper – information and guidance on a wide range of money matters.
• National Debtline – offer support and advice on all kinds of debt.
• Relate – relationship advice, including how to talk to your partner about money and debt.

Remember: Opening up is a sign of strength, not weakness. Debt doesn’t define you – and getting the right support can help you take the next step forward, together.