Debt Problems Impact Your Health

It should come as no surprise that people with debt issues typically suffer from bad health. Although this seems like a self-inflicted issue, debt problems cause stress and not just the type that keeps people up at night. In fact, debt problems are a major cause for why people claim to have major health concerns like ulcers, heart attacks, and a depression.

Physical Stress

Probably the most obvious effect of stress will be an ulcer or a heart attack. People with large debt will worry often about the debt they have and this constant internal panic will inevitably lead to physical problems. This is no different than other types of stress that lead many people to short-term leaves of absence at work.

The statistics speak for themselves. Of the 10 - 16 million people who reported to be suffering from debt problems, 27 percent reported having ulcers as a result of their debt; 51 percent report muscle tension (lower back in particular); 44 percent reported having migraines and a whopping 6 percent attributed heart attacks to their debt problems.

Since debt thresholds will be different for one person to another, there is no prescribed, target number that debtors should avoid. However, by incorporating a debt management system into their lives, most people can not only avoid encountering debt problems but can manage their existing finances better.

Major Depression

Debt matters are also the root cause for many instances of depression. What makes depression a little more dangerous than physical stress is that it can have a perpetual impact on a person's life. The more they stress, the more depressed they become and the more disabled they become to deal with the debt problems. This starts to look like a bad cycle before long.

In the survey cited above, nearly a third of respondents reported suffering from severe anxiety and almost a quarter reported suffering from severe depression. Again, they attributed their health issues to their debt.

Dealing with debt problems can become extremely difficult while depressed. As a result, borrowers are encouraged to adopt a system where debt management is an integral part of their overall financial picture.

Coping With Debt

My looking at an appropriate debt management system, people are better equipped to deal with the stress that results from debt ... before they occur. This is key because, when the debt problems impact their health, people are not only less-equipped to deal with the debt, but they are are less likely to recover from the damage to their mind and body.

With more than 16 years of experience in the financial services industry, Chris Blanchet has helped thousands of clients fix their finances. He is the author of Help Fix My Finances, the debt management eBook and system available online. Chris stresses the importance of achieving a debt-free lifestyle and resolving debt problems through the use of a debt management system. His debt-free blog can be located at HowToRepayDebt.com.

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