Financial stress can be very bad for your mental health, but debt consolidation can help cure the problem. It’s never fun to wonder if you have enough money to pay rent, maintain your vehicle, or pay your rent. Many people use credit cards to help make ends meet, but that just deepens long-term debt that charges a high interest rate.
Instead of feeling your stress levels rising and negatively affecting your mental and possibly your physical health, Symple Lending can help you consolidate your debt and have more money to pay your bills. The mental health benefits are very real, and so is the peace of mind that comes with knowing you are making real progress at paying off your debts.
How Debt Could Harm Your Mental Health
Out-of-control debt makes borrowers feel high levels of physical and mental stress that makes it hard to sleep and affects their ability to go about normal daily routines. Work could suffer, and so could physical health due to a lack of sleep, loss of appetite, and other physical effects from stress caused by debt.
Stress can cause headaches, chest pain, and muscle pain. You might feel fatigued, have an upset stomach, and spend more time at home alone instead of socializing and enjoying life. The anxiety that accompanies stress could make you feel restless, short-tempered, and depressed. Those physical and mental effects might lead to mistakes while driving, working, or engaging in other activities and cause an accident that might cause serious injuries or death.
More than three-fourths of U.S. households have some level of debt that has become harder to repay due to inflation and a continually rising cost of living. Consumer debt is so pervasive that about 54 percent of U.S. adults who are in debt said they feel stressed by it, according to a recent Forbes Advisor survey. Life can be hard, but high-interest debt makes it harder by stressing out consumers who feel overwhelmed by debt.
Consolidation Eliminates Unsecured, High-Interest Debt
If you are among the many who are stressed and losing sleep over credit card debt and other financial obligations, you might qualify for a stress-relieving debt consolidation loan. Fortunately, you might be able to get rid of unsecured credit card debt that carries high interest rates and costly fees with the help of corporations in the same category as Symple Lending. You can’t get rid of a student loan or many secured debts, like a mortgage or auto loan, through debt consolidation.
Credit cards and similar unsecured debts are more manageable when it comes to consolidating your debt. You’ll need to collect current records of your debt and contact each lender to discuss possible debt settlement amounts that you could pay off with a debt consolidation loan. You also can have an experienced debt consolidation service provider negotiate a debt settlement and arrange your debt consolidation for real relief.