{"id":42166,"date":"2023-01-15T15:09:09","date_gmt":"2023-01-15T15:09:09","guid":{"rendered":"http:\/\/www.brandon.ddtest.info\/multisite-test\/my-boyfriends-debt-and-crypto-loss-cost-me-48k-can-i-trust-him-2\/"},"modified":"2023-01-15T15:09:09","modified_gmt":"2023-01-15T15:09:09","slug":"my-boyfriends-debt-and-crypto-loss-cost-me-48k-can-i-trust-him-2","status":"publish","type":"post","link":"http:\/\/www.brandon.ddtest.info\/multisite-test\/my-boyfriends-debt-and-crypto-loss-cost-me-48k-can-i-trust-him-2\/","title":{"rendered":"My Boyfriend&#8217;s Debt and Crypto Loss Cost Me $48K. Can I Trust Him?"},"content":{"rendered":"<p> \n<\/p>\n<div>\n<div id=\"dear-penny\"><span class=\"dear-penny-dropcap \">Dear Penny,<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">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\u2019s only giving me $300 each month, and $160 goes to interest.<\/span><\/i><\/p>\n<p><i><span style=\"font-weight: 400;\">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\u2019t get credit cards because he\u2019s denied due to his \u201clow credit score.\u201d Yet I haven\u2019t seen any proof in the form of denial letters. I don\u2019t fully trust him, therefore I haven\u2019t been able to tell him I love him. He tells me every day that he loves me.<\/span><\/i><\/p>\n<p><i><span style=\"font-weight: 400;\">With crypto, he had me invest $40,000 and assured me he knew what he was doing. Well, it\u2019s down to $2,000. He hasn\u2019t shown me anything so I really don\u2019t know if he has moved it to his crypto wallet or what.\u00a0<\/span><\/i><\/p>\n<p><i><span style=\"font-weight: 400;\">I hate to argue or have discussions because he\u2019s never clear with me. He also owes me $900 cash because he is behind on rent and bills. What should I do?<\/span><\/i><\/p>\n<p><i><span style=\"font-weight: 400;\">-L.<\/span><\/i><\/p>\n<\/div>\n<p>Dear L.,<\/p>\n<p>Manipulative people thrive when others are perpetually confused, so don\u2019t expect clarity from your boyfriend. Listen to your gut instead.<\/p>\n<p>You know you can\u2019t trust your boyfriend. You know he\u2019s 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.<\/p>\n<div class=\"dear-penny-form\">\n<div class=\"dear-penny-form-container\">\n<p class=\"dear-penny-form-title\">Got a Burning Money Question?<\/p>\n<p class=\"dear-penny-form-copy\">Get practical advice for your money challenges from Robin Hartill, a Certified Financial Planner and the voice of Dear Penny.<\/p>\n<p class=\"dear-penny-form-disclaimer\"> DISCLAIMER: Select questions will appear in The Penny Hoarder\u2019s \u201cDear Penny\u201d column. We are unable to answer every letter. We reserve the right to edit and publish your questions. But don\u2019t worry \u2014 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 insights. <\/p>\n<\/div>\n<div class=\"dear-penny-form-container-success hidden\">\n<div class=\"dear-penny-success-image\">\n           <img loading=\"lazy\" class=\"lazyload \" src=\"https:\/\/cdn.thepennyhoarder.com\/wp-content\/uploads\/2022\/10\/08064700\/robin1.jpg\" alt=\"\" srcset=\"\" data-attribute-no-pin=\"true\"\/><\/p>\n<p class=\"dear-penny-name\">Robin Harthill<\/p>\n<\/div>\n<p class=\"dear-penny-form-success-title\">Thank You for your question!<\/p>\n<div class=\"dear-penny-form-success-copy\">\n<p> Your willingness to share your story might help others facing similar challenges. <\/p>\n<p> While we can\u2019t publish every question we receive, we appreciate you sharing your question with us. <\/p>\n<\/div>\n<hr\/>\n<p class=\"dear-penny-success-bio\"> The Penny Hoarder\u2019s Robin Hartill is a Certified Financial Planner and the voice of Dear Penny. <\/p>\n<p>         <button class=\"ask-question\" id=\"ask-question\">Ask Another Question<\/button>\n       <\/p>\n<\/div>\n<\/div>\n<p>I wish you could just change the locks tomorrow and have him out of your life. But you\u2019re not going to get any cooperation from your boyfriend once you dump him, so it\u2019s important that you prepare, even if that means you have to delay things a bit. Avoid bringing up relationship issues and your lack of trust in the discussions you need to have. Stick to the financial matters at hand.<\/p>\n<p>Since your boyfriend owes you nearly $11,000, I\u2019d ask him to sign a promissory note for your own peace of mind. At least if he\u2019s willing, you\u2019ll have it in writing that he agreed to repay you. If he fails to do so, you can use it as evidence if you sue him. Of course, getting a judgment doesn\u2019t mean you\u2019ll collect on a judgment. If your boyfriend has no income or assets, odds are slim that you\u2019d recoup your money.<\/p>\n<p>Make sure you remove your boyfriend from any credit accounts if he has authorized user status. Also, ask for a replacement card for each account in case he has your card number stored. You\u2019ll also want to pull each of your credit reports at <a href=\"https:\/\/www.annualcreditreport.com\/index.action\">AnnualCreditReport.com<\/a> and confirm that he hasn\u2019t racked up additional debt in your name.<\/p>\n<p>You also need to get information about the crypto he bought with your money. And I get your hesitance to ask questions here given that crypto is notoriously confusing and filled with outlandish claims.<\/p>\n<p>But what you really need to understand here is the five W\u2019s, i.e., what type of crypto he bought, where it\u2019s stored, when he purchased it, etc. If he bought into some obscure cryptocurrency, it\u2019s entirely possible that a $40,000 \u201cinvestment\u201d could be worth just $2,000 today, though I also wouldn\u2019t rule out the possibility that he took some of that money. You could tell him that you need the information because you\u2019re <a href=\"https:\/\/www.thepennyhoarder.com\/investing\/when-to-sell-crypto\/\">considering cashing out<\/a> and deducting some of your losses for tax purposes.<\/p>\n<p>Finally, you need a plan for your living situation. I don\u2019t know whether both of your names are on the lease, but even if it\u2019s only in your name, your state may consider him a tenant since he\u2019s been paying some expenses. If you want to stay and you don\u2019t think your boyfriend would leave if you dumped him, you\u2019ll want to consult with an attorney about the process for formally evicting him.<\/p>\n<p>Even if you follow all the advice I\u2019ve just given, it\u2019s important to be realistic. You may never get your money back. But please don\u2019t let that reality stop you from moving on.<\/p>\n<p>Think about the lessons you can apply to future relationships. Don\u2019t take on debt for a future partner or let them invest money on your behalf.<\/p>\n<p>But the takeaways aren\u2019t just financial. Whenever someone responds with \u201cDon\u2019t worry, I love you\u201d to your legitimate concerns, your reflex should be to run. Arguing is healthy in a relationship. So don\u2019t let fear of fighting cause you to ignore the reality that\u2019s staring you dead in the eye.<\/p>\n<p><i>Robin Hartill is a certified financial planner and a senior writer at The Penny Hoarder. Send your tricky money questions to <\/i><a href=\"http:\/\/news.google.com\/cdn-cgi\/l\/email-protection#f8b98b93a89d969681b88c909d889d9696819097998a9c9d8ad69b9795\"><i><span class=\"__cf_email__\" data-cfemail=\"08497b63586d666671487c606d786d6666716067697a6c6d7a266b6765\">[email\u00a0protected]<\/span><\/i><\/a><i>.<\/i><\/p>\n<p>        <!-- ACF Financial Disclaimer --><\/p>\n<p>        <!-- End ACF Financial Disclaimer --><\/p>\n<p>        <!-- \n\n<div class=\"single-social-share-bottom text-center\"> --><br \/>\n                    <!-- <\/div>\n\n --><\/p>\n<p>        <!-- Newsletter Signup Form --><\/p>\n<div class=\"newsletter-signup-wrapper-for-digioh\">\n<div class=\"col-xs-12 newsletter-wrap flex-row\">\n<div class=\"container flex-container\">\n<div class=\"col-xs-12 new-newsletter-form\">\n<p class=\"text-subheading\">Ready to stop worrying about money?<\/p>\n<p class=\"text-get-daily\">Get the Penny Hoarder Daily<\/p>\n<p class=\"email-privacy-policy-blurb-white\"><a href=\"https:\/\/www.thepennyhoarder.com\/privacy\/\">Privacy Policy<\/a><\/p>\n<\/p><\/div>\n<\/div><\/div>\n<\/p><\/div>\n<p>        <!-- End Newsletter Signup Form --><\/p><\/div>\n\n<br \/><a href=\"https:\/\/news.google.com\/__i\/rss\/rd\/articles\/CBMiRWh0dHBzOi8vd3d3LnRoZXBlbm55aG9hcmRlci5jb20vZGVidC9ib3lmcmllbmRzLWRlYnQtYW5kLWNyeXB0by1sb3NzL9IBAA?oc=5\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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\u2019s only giving me $300 each month, and $160 goes to &hellip;<\/p>\n","protected":false},"author":1,"featured_media":42167,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[161],"tags":[],"_links":{"self":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/posts\/42166"}],"collection":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/comments?post=42166"}],"version-history":[{"count":0,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/posts\/42166\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/media\/42167"}],"wp:attachment":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/media?parent=42166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/categories?post=42166"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/tags?post=42166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}