How Does Debt Affect Your Health?

With difficult economic times, many people find their debt level rising to stressful levels. A loss of a job, a medical crisis or some other unexpected event in your life can cause your finances to crumble. Money is not the answer to all of your problems, but not having enough to pay your bills can cause high levels of stress and affect your health in negative ways.

Types of Health Effects

High-level debt can cause multiple health issues, including:

  • Loss of sleep; erratic sleep patterns; insomnia
  • Severe levels of anxiety; inability to function due to anxiety
  • Aggressive or angry behavior towards others
  • Clinical depression; severe depression; mental breakdown
  • Ulcers and other digestive issues
  • Migraine headaches; debilitating headaches
  • Heart problems; high blood pressure; irregular heartbeats; heart attacks

High debt levels cause more disagreements among married couples than almost any other issue and is one of the leading causes of divorce. Do not underestimate the health issues that debt can have on your life.

Assess Your Financial Health

It is imperative to take time to assess your financial health regularly to avoid unforeseen circumstances compounding an already tight budget. Debt seems to take on a life of its own and grow to unmanageable levels before you realize just how bad it is. Keep a budget and know your limits.

Help for Your Health through Bankruptcy

While bankruptcy in itself can be a stressful situation, bankruptcy gives many a fresh financial start that allows their health to benefit as well as their budget. If you face mountains of debt that you are unable to repay, you need to contact the New Orleans bankruptcy lawyers at Grand Law Firm to discuss your options. We may find debt solutions other than bankruptcy; however, if bankruptcy is your best option, we will guide you through each step and protect your interests as you seek a new chapter in your finances. Call today for a free consultation.

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