Staying healthy can depend on several factors in Texas readers’ lives. Some of those aspects may not even be considered by numerous people because they do not directly relate to their bodies. However, financial issues such as credit card debt could easily impact a person’s health due to the stress and other negative impacts outstanding debt can have.
When individuals have considerable debt, they may lose sleep trying to figure out how they will get their financial affairs back in order. A lack of sleep can easily impact parties’ lives in negative ways, including increasing the feelings of stress that debt can already bring. Reports indicated that 86 percent of individuals with credit card debt who participated in a poll stated that they regret accumulating the debt because of the unnecessary stress and other hardships it caused.
Overwhelming debt and considerable stress can make many people feel less happy in their lives overall. They may find themselves feeling as if there is no way out and constantly fear creditor calls or other actions. Though credit cards themselves are not necessarily bad or worth avoiding altogether, they can pose considerable issues if parties do not pay off their balances.
Though the road to paying off credit card debt may seem endless, there are options for addressing overwhelming debt in a more comprehensive and timely manner. Bankruptcy may offer numerous benefits to Texas residents facing debt issues and who want to get their financial lives back on track. Information on Chapter 7 or Chapter 13 bankruptcy may help them determine for which course of action they could potentially qualify.
Source: CNBC, “Why credit card debt can be bad for your health“, Jessica Dickler, Feb. 13, 2018