I’m drowning in debt and it could ruin my marriage

I need wisdom for a sticky situation I’m in. I don’t want to lose my marriage or disappoint my husband but I don’t know how to go about it. I’m drowning in so much debt and I don’t know what to do.

My husband and I have been married for nine years and we have four children. We’re happily married. My husband started a business for me and it was great until I got into debt. It’s been two years and I’ve accumulated a large amount of debt. It started out with a small amount of 100k from a small savings group I joined. I used the money to finance the orders I’ve been receiving. That figure has gradually risen and it now stands at 1.5 million.

Debt-free husband

In comparison, my husband has no debt at all. He doesn’t like debts and discourages me from incurring debts. He is a good man but I remember the last time I had a debt of 80k and he paid it off, he made it very clear that he wouldn’t do it again. His actual words were that if I got into debt again our marriage would end. It is this statement that kept me going back for more to repay what I’d taken and it’s now gone too far. I’ve been too afraid to approach him.

Drowning in debt

Every time I get orders I need financing and I’ve been taking loans on interest. My whole life is a mess now and not just financially. I find myself hallucinating and my health is deteriorating. There’s so much disorganization everywhere and I’m scared to tell the truth. Prayer is not helping at the moment. My husband has no idea what is going on and actually thinks we’re okay. He restocked the business but I’m now almost out of supplies. Telling him might cause a rift in our marriage, trust will be broken, he’d be disappointed and heartbroken, and our marriage may not survive.

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Things have gotten worse with the pandemic since I’m receiving fewer orders. I don’t have the money to pay the loan interest and it’s just steadily piling up. I don’t know what to do. I feel so lost and overwhelmed!

Photo by Andre Taissin on Unsplash