Did Debt Cause that Cold this Season?
Debt doesn't only hurt your buying power. According to a new study, debt touches on all aspects of life, from your marriage to your performance at work. Debt can even cause health problems. If you are struggling with debt on a daily basis, this might not be surprising to you, but the results of the study are nevertheless shocking.
Less than twenty percent of the four-hundred respondents thought that debt hadn't hurt their relationship with their spouse. A little over one fifth reported their debt negatively affected their relationship with their child. Over thirty percent reported they did not tell their spouse how much debt they truly had, and twenty percent didn't tell their friends. Well over half (65%) claimed that their money issues affected the way they worked. Half said that debt hurt their health.
This final problem is an important one: debt hurting your health. It's a good assumption that debt and stress are related, but we might not be aware of the massive extent of problems that stress causes to the body. According to Dr. Alan Manevitz, when we are stressed we experience a non-stop sense of alarm, where the body gives off hormones that cause negative long term physiological effects." These symptoms can manifest themselves into a disease called debt stress syndrome.
Dr. The doctor gives three points of advice for helping patients cope with debt stress syndrome. The primary solution is to uncover the cause of your stress: your debt. First, he says, don't deny it. You have to admit that you are in debt. It is unhelpful to try to mask your debt problems from loved ones. Second, he says, you must be proactive. If you feel like you are getting over your head in debt, think about researching information about Chapter 7 or Chapter 13 bankruptcy. Third, get help. Financial advisers and bankruptcy attorneys, for example, exist to help you put an end to your debt.
Tough as it is, debt can and does destroy lives. But, it doesn't have to. You are not doomed. In fact, you have multiple options which might, in part, solve your debt issues. Not only might you be risking your house, but you may also be risking your health. Like any serious problem, you should educate yourself with the most information possible before making any decision. Find free educational material about bankruptcy. You may be surprised to find that the answer to debt stress syndrome and the other effects was right here all along.
About the Author
Missouri Bankruptcy attorney James Brown has been working to relieve the debt of hard-working American families for over 15 years. He has dedicated his career to educating consumers about options for debt relief and has recently released his latest free report for the victims of the US Fidelis Bankruptcy. The report can be requested at the Castle Law Office website: http://www.castlelaw.net
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