What is sexually transmitted debt (STD)?
December 13, 2021
Like other forms of STDs, sexually transmitted debt is something you can catch from your partner.
Sexually transmitted debt, or STD, is often used to describe situations where one person in a relationship becomes responsible for their partner’s financial debt.
It can happen unknowingly, by one partner bringing previous debt into the relationship and restructuring joint finances, or by one partner being convinced or misled into taking on debt in their own name.
Sexually transmitted debt can happen to anyone, no matter their background, and the impact can last a lifetime.
“My partner didn’t tell me about his debt when we got together. He convinced me to get a joint credit card to buy things together. It sounded good but he paid off his historical debt with our card. I didn’t know and ended up just as responsible for paying it”
If you’re borrowing together, it’s important you check with the bank or lender to understand exactly what you will be responsible for.
Usually, you will be both joint and severally liable, which means that you are both 100% responsible for the total amount of the debt. If either one of you can’t or doesn’t pay, the other person can legally be pursued and held accountable for the whole amount.
It’s normal in relationships for one person to take on more responsibility for household financial arrangements. However by staying involved in the planning and decision-making about debt or how money is spent in your relationship, you can lessen the risk of catching STD.
What can I do to prevent STD?
Real life stories
Achieving and maintaining a healthy financial relationship is not always an easy task. Money for many of us is a taboo subject that is well known to cause relationship stress.
To support you with financial challenges in your relationship, we have a range of information on our website that you can access for free.
Click here to visit our Healthy Financial Relationships hub
If you are concerned about the money side of your relationship, you can call our support team – 0800 466 370 option 4.
You can also contact our team by completing our online form.