The stress levels associated with bad debt problems can lead to people feeling run-down which in turn reduces the immune system's ability to fight off infections
(PRWEB) January 15, 2006
As many as 63% of people seeking help for their bad debt in the UK believe their health has been adversely affected by their financial worries, according to the Debt Help Site Annual UK Debt Survey 2006.
The statistic shows the level of personal debt is taking its toll, with the grand total in the UK currently around the £1.1 trillion mark and rising all the time.
This upward trend is also reflected in personal bankruptcies, which went up by 32% in the third quarter of 2005, as 12,256 were declared bankrupt.
Health problems due to bad debt are manifested in several ways, according to Terry Galvin, editor of the Debt Help Site.
"The stress levels associated with bad debt problems can lead to people feeling run-down which in turn reduces the immune system's ability to fight off infections," explains Galvin. "Therefore, people fall prey to colds and viruses more readily.
"Also, the detrimental effect stress can have on cardiovascular health is well-documented."
Galvin adds: "Then there is the more direct effect that bad debt can have on one's mental and emotional well-being in the form of depression and anxiety.
"Unfortunately, someone who is depressed or over-anxious is less able to deal with their debt problems in a rational and considered manner, so they can get caught in a vicious circle."
However, Galvin delivers the positive message that there are solutions for even the most serious debt problems.
"The most important thing is for anyone worried about their debt to seek professional advice," he says.
"It is especially important to seek help if you feel your health is being affected - and our survey shows that 63% believe this to be the case - but ideally, you should get advice before it gets that serious."
See http://www.debthelpsite.net for more information.