How unpaid credit card debt makes you sick
We all know that unpaid debt leads to feelings of stress and worry.
Now a study published in the American Journal of Health Promotion found proof that unpaid credit card debt is also linked to psychological and health risks, such as bouts of depression and a higher body mass index (BMI). Such health risks could also lead to a higher risk of chronic, stress related diseases, such as heart disease.
The connection between increased health risks and unpaid debt could be found in other areas of our psyche.
It is really important to recognise that unpaid debt, whether it’s a large amount of debt or not, creates uncertainty for the person who owes the debt. Adverse psychological reaction can be caused by the uncertainty around your unpaid credit card debt.
A lot of people become very frustrated if part of their salary goes straight into the credit card repayment andf they never keep any money for themselves. If people feel like they’re not making any progress, the frustration escalates. This often happend when the unpaid credit card debt is excessive. In the worst case scenario, the reaction is like a child that wants immediate satisfaction – the consumer gets fed up with paying off their credit card debt and never having any money. They get so frustrated that they want to buy something to reward themselves and as a result accumulate even more debt through interest free purchases or the use of their credit card.
In general, a large number of people feel shame when they think of their credit card debt. Their fears and failures are represented by the unpaid credit card debt. This ranges between failure to control our spending habits and “keeping up with the Jones’” to the extreme case of failing to provide for our family. Once other people start becoming involved in managing someone’s credit card debt, the feelings of shame and guilt are usually amplified.
Credit card debt is not just about finances. It also affects our attitude, our emotions and our psychology.
If you truly want to find a solution to your debt crisis, you will need to address the psychological aspects of your debt. You’ll feel indescribably free once you reaslise that reducing your credit card debt, and paying it off, is actually easier than you thought.
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