The propensity of mortgages, credit cards and leased cars in the UK means that most of us are in debt to some extent. It is only when that debt can no longer be managed and paid off at regular intervals that it becomes stressful.
There is a fine line between feeling on top of your debt and losing control of it. Everything can be going brilliantly and then an unforeseen life event such as job loss, divorce or ill health turns everything on its head.
When you can no longer keep up with debt repayments, the interest rates start to bite and what you owe quickly towers over what you earn. It is at this point that your debt becomes a burden and this can seriously affect your mental health.
When debt affects your mood
There is a strong link between…
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