National Student Loan and Credit Report Debt Attorney

Does Card Card Debt Cause Depression?

Rate this post

depression-credit-cardDoes Card Card Debt Cause Depression?

Anyone that has the burden of debt knows how it feels. That sinking feeling in your stomach. The inability to sleep at night. The avoidance¬†when friends invite you to the movies or dinner. Well, it’s not just you, its science. A recent study shows a sure link between household debt and depression.

The link between debt and depression is strongest among single people, people near retirement, and those who are less educated. The study found short-term debt like credit cards and student loans had more depressive symptoms than long-term debt that was seen more as an investment in the future, like a mortgage. People in debt are three times more likely to have mental health issues than those that are debt free. Of course, for person with credit card debt or student loan debt all of this makes complete sense. Short-term unsecured debt is burdensome, but you may not realize how much the depressive effects of debt impact all other aspects of your life. How many times daily do you think of your debt?

Action plan: If your debt is causing depression that is affecting your sleep, your work life, and your social life it’s time to make a change. Contact a qualified debt negotiation attorney and learn about the many options you have to get out of debt. Working with a qualified debt negotiation attorney can result in the weight of the burdensome debt being lifted from your shoulders and your everyday life.

 

Does Card Card Debt Cause Depression? was last modified: May 11th, 2015 by Kevin Fallon McCarthy
START NOW
Call 855-976-5777 or Chat Now
  • How much do you owe?
    Select your approximate debt.
    Less debt
    More debt
  • The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.