Feeling like you’re drowning in debt can be a terrible sensation for anyone. Watching month after month how you fail to pay your bills and seeing your debts pile up might hurt your pocket, but that may be the least of your concerns. Many times, we only focus on how debt may impact our financial well-being, but the negative effects that debt can have on anyone’s physical and mental health can be very harmful and even catastrophic.
Regardless of the cause of your debt, science suggests that being in debt can harm your general health. With that in mind, you should be aware of the symptoms that debt is affecting you too much, and you need to be ready to act if you want to free yourself from it.
One of the most effective methods to get rid of your debts is to file for bankruptcy. You may not like the idea at first, but that’s probably because you don’t know the benefits of bankruptcy. This legal process can help you eliminate most of your debt, giving you a fresh financial start. If you want to know more about the process or if you want to start right away, you should talk to a bankruptcy attorney.
If you are looking for an attorney in the Los Angeles area, KT Bankruptcy Lawyer can be an excellent option. This law firm has years of experience helping Californians get rid of their debts through bankruptcy and they can help you achieve this as well. If you wish to know how they can help you, visit their website or call them for a free consultation.
It can cause you stress
For many, money (or the lack of it) is a constant source of stress. Suffering from stress, or chronic stress, for a long time can have a detrimental influence on your health. In fact, this can make you more prone to developing mental illnesses, such as Alzheimer’s, and may even lower your defenses, leaving you vulnerable to other diseases.
It could raise your blood pressure
A study conducted by Northwestern University in 2013 showed that adults between the ages of 24 and 32 with high percentages of debt presented a poorer health status, and their blood pressure was considerably higher, making them susceptible to heart diseases and even strokes.
It may lead to anxiety
Another consequence of being stressed out often is developing anxiety symptoms associated with your debt problem. This can make every expense feel terrible, even if it’s necessary for your daily life. Even talking about your debt could trigger anxiety attacks with varying symptoms.
It’s linked to depression
According to a study conducted by the University of Nottingham, people with debt problems are twice as likely to suffer from depression. Imagine having to deal with debt that you simply can’t afford to pay off. You may be able to stay strong up to a point, but hopelessness and low self-esteem may begin to get the better of you, and you may get caught in a spiral of despair and frustration that can have devastating consequences.
You might face suicidal thoughts
For many, debt can mean life or death. Debt-induced depression or anxiety can lead many people to suicidal thoughts, in a desperate attempt to get rid of all that excruciating burden.
If you have experienced this symptom, please consider talking to a family member or health care professional. You can also call the National Suicide Prevention Lifeline 24/7, 1-800-273-8255 if you need a friendly ear.
Beat debt and take back control of your life!
You only have one life, don’t let debt stop you from enjoying it. If you’re having physical or mental health problems because of your debt situation, the first thing you should do is see a doctor to help you deal with the symptoms.
Then, you should start looking for alternatives to get out of debt once and for all to regain control of your life. As mentioned above, bankruptcy is one of the most effective alternatives.
If you would like to speak with an experienced attorney who has the know-how to guide you through your bankruptcy filing, feel free to contact KT Bankruptcy Lawyer for a free consultation. The bankruptcy attorneys at this law firm are ready to help you with anything you need.
Looking for more? Visit Legal Facts!
If you want to know more details about the bankruptcy filing, or any other legal issue, consider visiting Legal Facts.org. Here you will find hundreds of easy-to-read legal articles that will allow you to learn about the law in a matter of minutes. Additionally, if you wish to speak with an attorney near you, Legal Facts gives you access to an extensive network of legal professionals who are ready to help you at all times.
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