Is Debt Affecting Your Physical And Mental Health?
More than likely it is. Scientist have linked the burden of debt to some serious medical conditions. Just as we may lose sleep or grow anxious over any unresolved problem debt impacts our stress levels in the same way.
Is acquiring Debt a right of passage?
There is a national understanding that when you become an adult you will accrue debt. Whether it be student loans or a car payment or a home purchase or smaller lines of credit like credit cards. Debt is almost a right of passage separating dependent/adolescents from self sufficient adults. With that said it is not surprising that we all have debt. It only takes a few unfortunate events to cause a rift in your payment history. Once you fall behind on a loan it is difficult to get back on track. This struggle to get ahead of your debt can be a vicious cycle taking a toll on your physical and mental health. Some of the conditions associated with high debt include: high blood pressure, increased risk for heart attack, anxiety/depression, chronic stress, and even lowered immunity from loss of sleep. Often times consumers are reluctant to visit a doctor if they have a lot of credit card debt or medical bills. As with any problem putting it off will only exacerbate the issue. The worst thing you can do in this situation is to do nothing.
Our advice at PCS would be to not ignore the debt; ignoring it won’t make the problem go away and could make it worse. If the problem is dealt with as soon as possible, the outcomes are more manageable and less stressful. At PCS debt advisors are trained in providing free, confidential money advice and can help you manage your debt. Simply call us at 636-209-4481. We look forward to helping you achieve your financial goals.