I am getting married this year, but our finances do not quite mingle. My fiancé has over $20,000 in credit card debt, which has not been paid on in over 2 years (most in collections). His credit score is suffering and he has no intention of paying the debt. He also has student loan debt at approx. $50,000. I have no credit card debt, but have a condo (in my name only) and significant student loan debt (about $60,000), but my payments are current and my credit score is high.
He has not obtained additional debt for the 2 years and has no intention to do so. I am concerned about my credit score and ‘inheriting’ his debt. I know my debt is not perfect, but at least it’s up-to-date.
We intend on filing taxes ‘married but filing separately,’ but are there any other precautions I can take to protect my financial background?