My fiancÃ©e is going through debt problems â€“ Please advice
I used have a joint account with my fiancée. He used to keep withdrawing money from that account. So, I took off his name from that account and opened a new one for him. He has overdrawn that account. I have to pay all the bills since he hardly has money in this account. He works at a good company but spends all his money. I have told him to save money. I have even told him to consult a credit counselor. He has not listened to me at all.
Yesterday, I saw a letter sent by Amex. They are demanding payments from him. I am not in that card. However, I am scared for him. I am working hard to save money. But this is not enough. How can I make him understand? What will happen if he does not pay a dime to Amex?