'I'm Not Selling Any Of My Stuff,' Husband Insists As Family Survives On $36K — Wife Uncovers $209K In Credit Cards And Fears Financial Collapse

Core Insights - The article highlights a significant financial distress faced by a couple, with a total credit card debt of $209,000, alongside a car loan of $21,000 and a mortgage of $243,000, against an estimated home value of $700,000 [1][3]. Financial Situation - The couple's annual income is approximately $36,000, with the husband's business generating $233,000 in gross revenue but only $26,000 in net income after expenses [1][4]. - The wife's home-based business contributes less than $10,000 annually, leading to reliance on credit cards for monthly expenses [4]. Debt Management Challenges - The couple's financial management is complicated by a lack of transparency, as the wife has no access to the main bank account and only discovered the debt after reviewing files independently [2][5]. - Attempts to discuss budgeting and repayment have resulted in negative reactions from the husband, who dismisses financial tracking efforts [5]. Mental Health and Relationship Strain - Concerns about the husband's mental health are raised, with increased alcohol use noted and a tendency to deny the debt in social situations [5][6]. - The lack of financial access is emphasized as a critical issue, preventing one partner from protecting themselves and their child [6].