Debt Relief Helps Your Mental Health

Recent studies have shown that there is a conclusive relationship between mental health problems and debt. As many over-burdened consumers can attest to, having overwhelming debt is extremely stressful, and as reported by “An Uphill Struggle”, a British study on the correlation between debt and mental health, many of those surveyed who were receiving disability benefits blamed debt for the onset of their mental health problems. Moreover, the survey found that 50% of the respondents who were receiving disability benefits feel socially excluded and face added stress with threats of legal action, eviction, or repossession.

One of the chief ways to reduce the stress associated with this problem is to seek debt relief. Sometimes just seeking debt advice can dramatically reduce the anxiety related to financial problems. Acknowledging the problem is one of the first steps to getting relief because it ameliorates any feelings of social exclusion or helplessness, and anecdotal evidence suggests a positive relationship between debt relief, healthy relationships, and social well-being.

Another advantage of debt relief is the benefits it can have in terms of dealing with debt collectors. Unfortunately, psychological warfare is the strategy of many debt collectors, which only adds to the mental stresses associated with overwhelming debt burdens. By giving a debt relief company “Power of Attorney”, collectors are legally obligated to contact your designated representative instead of you under the Fair Debt Collection Practices Act (FDCPA). Although this does not necessarily apply to the original creditor unless you live in a handful of states, this is a tremendous advantage to your psychological health while your debts are being resolved.

If you would like to learn more about our debt relief program, please feel free to call (877) 274-1260 or fill out a form and we’ll contact you as soon as possible.