My Boyfriend’s Debt and Crypto Loss Cost Me $48K. Can I Trust Him?

Dear Penny,

My boyfriend of three years now has charged up $10,000 on my credit card until finally I put a stop to it. He started a business with a food truck and says he will pay me back and not to worry. Well, he’s only giving me $300 each month, and $160 goes to interest.

He lives with me and only pitches in $300 for rent and $200 for bills. The rent is $1,000. He says times are hard for him right now and that he can’t get credit cards because he’s denied due to his “low credit score. ” Yet I haven’t seen any proof in the form of denial letters. I don’t fully trust him, therefore I haven’t been able to tell him I love him. He tells me every day that he loves me.

With crypto, he had me invest $40,000 and assured me he knew what he was doing. Well, it’s down to $2,000. He hasn’t shown me anything so I really don’t know if he has moved it to his crypto wallet or what .

I hate to argue or have discussions because he’s never clear with me. He also owes me $900 cash because he is behind on rent and bills. What should I do?


Dear L.,

Manipulative people thrive when others are perpetually confused, so don’t expect clarity from your boyfriend. Listen to your gut instead.

You know you can’t trust your boyfriend. You know he’s sucked nearly $50,000 out of you over three years. The bleeding will only continue if you stay. I think you know what you should do: You should end this relationship.

Got a Burning Money Question?

Get practical advice for your money challenges from Robin Hartill, a Certified Financial Planner and the voice of Dear Penny.

DISCLAIMER: Select questions will appear in The Penny Hoarder’s “Dear Penny” column. We are unable to answer every letter. We reserve the right to edit and publish your questions. But don’t worry — your identity will remain anonymous. Dear Penny columns are for general informational purposes only, but we promise to provide sound advice based on our own research and…

Source link

Recommended For You

About the Author: News Center