The possible emotional impact of dealing with debt
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The possible emotional impact of dealing with debt

| Mar 18, 2021 | Bankruptcy

Most individuals in Georgia and across the nation may be aware of the financial challenges that could accompany long-term monetary struggles. However, this might not be the only type of struggle debt can bring. Studies indicate that issues with debt could also take a significant tole on one’s mental well-being and dealing with the emotional repercussions of debt can be a daunting experience.

Debt-related concerns continue to affect many families and the impact similar concerns could have on one’s life may vary from person to person. Some of the possible emotional challenges that may rise under similar scenarios could include:

  • Impact on mood: Research indicates that stress can have a significant impact on one’s day-to-day mood and increase the risks of experiencing feelings such as resentment or anger.
  • Mental health: Studies also suggest that added stress may increase one’s chances of developing deeper health concerns such as depression and anxiety.
  • Issues with acceptance: Individuals who struggle under the weight of debt may also be more likely to experience feelings of denial, which could prove difficult to move past.
  • High stress: High levels of stress can be difficult enough to manage on its own and such issues could affect a person’s ability to function in numerous ways.

As mental health concerns could also open a person up to physical health risks, addressing the root cause of such issues could prove imperative.

Individuals in Georgia who experience the stress of dealing with debt and struggle to find a way to break free from such challenges could benefit from seeking guidance on their options. By consulting with an experienced attorney, a person could gain much needed insight in making informed decisions about his or her financial future. An attorney can help a client address all available options for relief and assist in developing a strategy to reduce or eliminate debts through the appropriate outlets.

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