Credit card debt can have a negative impact on many areas of life, but it is also important for Florida consumers to consider the negative impact that it may have on their health. As stress of any kind can cause health problems, it is no surprise to learn that credit card debt can lead to an onslaught of various health issues, such as high blood pressure. When a consumer can discharge debt, it is reasonable to assume that it can lead to a higher overall quality of life.
In addition to high blood pressure, an overwhelming debt burden can cause weight gain over time. A recent survey of young adults found that college students with credit card balances of more that $1,000 often struggled with obesity and other health problems. Overwhelming debts are not the only reason for health problems, but they can exacerbate existing health issues.
It is no secret to Florida consumers that financial issues can have a negative impact on relationships. Financial struggles and fights over money are some of the leading causes for divorce. Studies have proved that couples who fight over money on a regular basis are more likely to end their marriages.
Fortunately, there are options for those who can no longer manage their credit card debt. Filing for bankruptcy will eliminate harassing contact from creditors, stop threats of repossession and provide a way to escape never-ending debt balances. At the end of the bankruptcy process, many debts will be fully discharged, which could lead to a healthier and more stable life.
Source: Time, “Credit Card Debt Is Linked to Depression, High Blood Pressure, Obesity and Relationship Problems“, Lindsay Konsko, June 11, 2015