An oppressive amount of debt can feel like a heavy weight on your shoulders. Every month the problem can seem to get worse as interest accrues and bills continue to fill the mailbox. And it can affect people in several ways:
- According to a study by the American Psychological Association in 2015, some 72% of Americans reported feeling money-related stress within the past month. For most Americans, money is one of the primary stressors affecting their health.
- Accruing debt and struggling with bad credit can lead to impaired financial decisions, such as consolidating loans under unfavorable terms, using payday loan services, or gambling.
- The Federal Reserve of Atlanta even found a link between debt and an increased risk of mortality.
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Read the full article at: https://thriveglobal.com/stories/staying-positive-how-to-recover-from-stressful-debt-and-bad-credit/