Signs include hiding purchases from partners, making only minimum payments on credit cards, feeling anxious about spending but doing it anyway, and justifying luxury buys as "rewards" or "investments in image."
Money is a leading cause of conflict in relationships. Debt-related stress can erode trust, create secrecy about spending, and lead to constant arguments about finances, sometimes culminating in separation or divorce.
Avoid BNPL for impulse buys, luxury items you don't need, or everyday consumables like groceries. Most importantly, never use it if you aren't 100% confident you can cover all installments with your current income.
The first step is to honestly assess the situation. Gather all your account statements, calculate your total debt, income, and essential expenses. This creates a clear picture of your financial reality, which is necessary for building a recovery plan.
Creditors and collectors are generally allowed to contact your employer only to verify your employment or, if they have a judgment, to facilitate wage garnishment. They are prohibited from discussing your debt with colleagues.