If you’re dealing with overwhelming debt, then you know that it can take a huge emotional toll. The sad truth of the matter is that most people who struggle with debt try for years, sometimes even decades, to find a way to claw free of the financial burdens that have been placed upon them. This means that they are oftentimes subjected to the mental and emotional harm that accompanies large amounts of debt for a significant portion of their lives. Let’s look at just a few ways that debt can affect your mental and emotional wellbeing.
- Anxiety and depression: A lot of people who face insurmountable debt struggle to cope with anxiety and depression. These conditions can affect sleep patterns and work performance, and they can become so pervasive that it even becomes difficult for an individual to function in their day-to day life.
- Resentment: Hindsight is 20-20. This means that many individuals who are dealing with debt look back at how they got in their situation and resent either the decisions that they have made or their spouse or former spouse made. This can lead to excessive irritability that can affect relationships, including those closest to you.
- Embarrassment: A lot of people who carry large amounts of debt are embarrassed about their financial situation. They may avoid talking about the subject, but this can just further isolate the individual as it can spur more anxiety, depression, and irritability. In other words, individuals who are struggling to deal with overwhelming debt can find themselves in a seemingly inescapable cycle that can have a tremendous negative impact on their life.
You can escape your burden of debt
The good news is that you don’t have to struggle to cope with these debt-based mental and emotional problems any longer. To escape them, you simply need to consider seeking a debt relief option that is best for you. Personal bankruptcy, such as Chapter 7 bankruptcy, can help you end creditor harassment, discharge debt, and secure the fresh financial start that you need and deserve. If you’d like to learn more about how to pursue such bankruptcy, then consider discussing your situation with an attorney who is experienced in this area of the law.