It’s no secret or fallacy that Debt Related Depression does not exist, and statistics show that 8 out 10 families have one or even two family members who may be suffering with Debt Related Depression without getting help. Many individuals ignore the warning signs, and do not get help. Individuals, who put off treating their Debt Related Depression Symptoms, may experience constant fatigue, panic attacks, anxiety disorders and even suicide.
Discussing Debt Problems
Before an individual can begin to ask for help or seek help, he or she has to admit they have a debt problem. Individuals who accumulate debt and are unable to eliminate their current or past due debt, always want to blame their debt problems on external factors; for example the lost of a job, a love one, or even society. Blaming others and not admitting that you have a problem, will only cause a delay with you getting or seeking help. Debt problems cannot be eliminated overnight, and many people need to understand that reality in order to see the light at the end of tunnel. Expecting overnight results for a long term problem will only lead to an immediate disappointment.
Steps for handling Debt Related Depression
If you are seeking some relief for DRD and you want to take control of your life. Here are 8 steps to assist in the process.
- Seek help – find someone who specializes with dealing someone who suffers from Debt Related Depression. Attempting to do it alone can be overwhelming, especially if you have thoughts of suicide.
- Stop Spending – if you have access to credit or money, stop spending. Adding to the problem will only make things worse, some people truly believe living paycheck to paycheck and being in debt and depress is a normal way of life.
- Unrealistic goals – don’t expect to get out of debt overnight, put together a long term strategy if you’re doing it alone without professional help.
- Don’t Ignore Symptoms – recognizing the symptoms are key, many substance abuse habits are cause by ongoing and long term depression.
- Asks your employer – Seek help from your employers HR dept, many companies understand that employees who have problems with debt are prone to take part in embezzlement or any other illegal financial schemes.
- Don’t ask for money – Be cautious about asking family or friends for money to get you out of debt. If you don’t have a plan to pay individuals back the end results will not be nice. It could even lead to being sued.
About the Author:
Lorillia Brown-Phillips is a Financial Literacy Educator and Author of “Jump Start Your Credit: How to Negotiate and Settled Your Debts in 10 Steps”, subscribe to her blog at: www.yourmoneymentor.com