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Affects of Debt on Health: Management Programs Offering an Antidote

Published December 14, 2011

Finance related health problems follow a vicious cycle. People who are rambling with the costs of living have deep cognitive and behavioral vulnerabilities. Credit cards are one of the main reasons for the augmentation of monetary indisposition.

The alluring marketing techniques and the incentive programs let the consumers into overspending and amass debt problems. Through credit cards, you incur debt bit by bit, but the pile up turns into thousands of dollars quickly. The consumer credit lines have the tendency to grow and between the years 1993 and 2000, they tripled from $777 billion to more than $3 trillion.

In this article, you will find all the health constraints, directly related with the use of credit cards and a number of factors, which can curtail these imbalances among the card users:

Affects of Credit Card Debt:

  • Credit Cards Becoming a Hurdle for Students

Credit card debt has directly affected the students and College graduates are especially susceptible with such volatilities.

The student-debt amounts in the United States are highest and presently students are suffering from low grades, inability to keep up with the education, dropping out from colleges to avoid more debt, and face the dilemmas of unemployment due to bad credit rankings.

  • Psychological Affects of Credit cards

All the tug-at-your-heart advertising commercials are a result of the impulsive buying behavior among the credit card owners. Such faulty encouragement by the issuers causes false optimism about the future ability to pay off lofty balances acquired on the card.

The over-spending of this sort, later links to a number of health and social problems and the levels of such emotional turmoil heighten with the increase of loans and the building up of debt amounts on credit cards.

Other Health Hazards Related to Credit Card Balances:

As mentioned above, credit has become a huge headache for the people. Mental disabilities relating to stress, insomnia, anxiety, depression, to physical crippling such as worsened heart conditions, high blood pressures, diabetes, cancer, and other social problems such as marital breakdowns and even suicide can all relate to the aftereffects of occupying oodles of debt.

A brief detail of all the debt related human dysfunctionalities:

1. Lack of Sleep

Insomnia is one of the basic predicaments related to debt problems. Debtor is never clear of the screaming visions of the creditors and is constantly worrying about the impending lawsuits, negative statements from banks and foreclosure, which leads to deteriorating health.

2. Clamping of Jaws and Teeth Grinding

People in debt often have cracked teeth due to the clamping of teeth together in anxiety.

3. Intestines Ailments

Debtors often complain about having severe intestinal cramps and stomachaches, sometimes a result of ulcers.

4. Affects on Appetite and Hair

With extreme mental pressure, the hormonal disabilities cause people loss of hair and often the loss of appetite. In some cases, people start to consume more food and gain weight.

5. Physical Impacts

A number of physical ailments also related to debt and despair such as the eruptions of skin or the outbreak of acne.

6. Headaches

Mental pressure is one of the main outcomes of tensions and migraines and other headache flare-ups are the discomforts faced by people in debt.

Uncountable emotional and physical dispossessions relate to financial miseries and other debt related liabilities. Debtors cannot overcome such severe conditions without seeking liberty from such deplorable monetary setting. Getting relief from all the imminent credit amounts with the help of debt management agencies is one of the most effectual ways of dealing with the debt problems. Here are some details related with the payment of debt with the help of management services:

Resolving Debt through Counseling and Debt Management Services:

A counselor provides quality financial solutions to the problems faced by the debtors and help them to manage their debts in a fit and proper manner. To achieve this objective, they function as a third party between creditor and the debtor, to initiate negotiations for lower monthly payments of debt amounts and solutions for high interest rate problems.

CreditGUARD of America is one such debt management and credit counseling organization that aims not only to provide credit education to consumers, but also advocates thousands of Americans with effective ways that has helped them to get back on track.

Whatever your credit history maybe, CreditGUARD will help you fight the delinquency on payments by consolidating your unsecured debts into one easy monthly shell out.

A number of credit solutions, offered by this non-profit agency, include:

  • Personal budgeting
  • Debt consolidation through home equity loans, credit card promos and filing bankruptcy
  • Additional educational resources and materials on credit management, debt collection and money management
  • Detailed information on consumer rights and important tips to stop the collection harassments

On a final note, with huge piles of unpaid bills and enormous debt amounts, you not only face a wide range of financial troubles such as foreclosure, bankruptcy, and insolvency, but also become susceptible to physical and mental collapse. At the end of the day, the only solution for you is to follow good range of services for debt management and relief solutions, by the means of which, you can rest assured of your financial reserves even in the times of inflation.

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