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The Debt-Stress Connection

WebMD
Stressed by debt? You may not realize it but it is probably affecting your health.

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Debt = Stress

This is something that isn’t talked about enough. Below is an interesting article from the WebMD archive about what they call “The Debt-Stress connection”

I don’t think our society discusses personal finances enough – there is a taboo of sorts but the elephant in the room is the stress being caused by the debt loads being carried by individuals and couples.

Stress is something I see all the time as people are trying to deal with the constant calls from creditors, sleepless nights and strained relationships – all because of their debts.

This has to be impacting people’s health and the best way to deal with it is to start talking about it. Talk to a friend, loved one or a professional such as myself – the important thing is to talk about it – this is the first step towards dealing with the source of the stress, debt.

Let’s start talking.

CLICK HERE FOR THE WEBMD ARTICLE “THE DEBT-STRESS CONNECTION

Did You Know?

1

Many people who file for bankruptcy get to stay in their home.

2

In Newfoundland and Labrador, you can keep your RRSPs – even if you file for bankruptcy.

3

Many people who file for bankruptcy are able to keep their vehicle.

4

Most bankruptcies are NOT published in the newspaper.

5

Student loans can be included in a bankruptcy if they are more than seven (7) years old.

6

A consumer proposal is an alternative to bankruptcy that can only be filed with a licensed trustee in bankruptcy.

7

In NL, people ages 30 to 39 years old file for bankruptcy more than any other age group. [source]