Credit card debt can prove costly in Tennessee residents’ lives

Credit card debt can prove costly in Tennessee residents’ lives

| Mar 19, 2015 | Credit Card Debt, Firm News

Most Tennessee residents understand that having a considerable amount of debt negatively affects a person’s financial situation. However, constantly having the burden of credit card debt can begin to take its toll on other areas of an individual’s life as well. Though finances may only be one aspect of a person’s life, the state of financial affairs can lead to repercussions in seemingly unrelated capacities.

Because a person’s health is often a top priority, it is important to understand that substantial debt can affect physical and mental health. Some individuals may be skeptical about such a statement, but individuals with debt know that it can be the source of considerable stress. In turn, the stress generated from debt worries can lead to heart disease, high blood-pressure and other negative effects.

Debt and the stress is causes may also lead to emotional struggles. Individuals may worry how they are going to pay their bills and what they would do if they lost their house or other possessions. Debt can also cause a great deal of tension between couples. As a result, some marriages may be tested if debt becomes an issue.

Tennessee residents who have debt should not feel alone. Numerous individuals across the country face financial hardships due to credit card debt on a daily basis, and many also suffer the physical and mental ramifications of debt as well. Luckily, debt management options such as bankruptcy may be able to help parties get their finances back on track and, in turn, regain a healthy lifestyle.

Source: durangoherald.com, “What’s the real cost of your debt?“, Matt Kelly, March 10, 2015