In 2007 survey conducted by the American Psychological Association revealed the fact that money is a leading source of stress for Americans. More than 75% families in the country are in debt and the credit card debt is the most significant source of their financial stress. The percentage of individuals suffering from debt stress can be seen increasing every year.
Heath problems of Americans having credit card debt
An average individual, buried under the heavy burden of credit card debt is suffering from number of health physical and psychological health problems. The common debt stress related illness includes ulcers, back pain, migraines, anxiety, depression, and heart attacks.
Credit card debt is not responsible for causing instability in ones financial situation. It is also indirectly affecting the family relationships. A loving couple, having tough time paying their debts has more chances of entering into arguments when they find difficult to manage their budgets. Small arguments often lead them to divorce and relationships break ups over very small issues.
Debt Stress Management
The debt stress is not only harmful for the individual but it is also harmful for the country. With lots of American human resource under debts stress the country can face dire consequences in future. It is therefore very essential to have proper financial stress management to save the individuals from the overwhelming effects of debt. Without healthy human resources it can be more difficult to handle the economic turbulence that prevails at present.
Legally eliminate your debt
Debt Elimination can solve lots of your problems saving you countless hours that you spend worrying about how to pay your credit card bills. Go for a settlement before the desperate efforts to avoid late payments, late penalties and massive interests either force you to run out of money of drive you crazy.
Negotiate for credit card debt settlement
Debt settlement is the legal and most effective way to eliminate your debt. Everybody has it you are not the only debtor who owes money to Credit Card Company. Don’t worry about how much debt you have and try to bring your finances back to track. Debt settlement can help you to wipe out 75% of your debt without the need to file bankruptcy. The process may seem tedious and you would be tempted to drop out lots of times. But patience is the key that gives you a very good chance of reaching a debt settlement agreement.