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Credit card debt can influence health, experts say

No one likes having debt: it can be a very stressful experience. New research suggests this stress can have a profound impact on one's health and well-being. This only lends credence to the idea that dealing quickly and efficiently with credit card debt and other types of debt can go a long way toward improving one's life fiscally and physically for South Carolina residents.

Carrying large debt is not always the result of poor financial decision making. According to some experts, many people are accruing debt just by purchasing life necessities. The challenging economic climate of the last several years has led many people to rely upon credit cards to get them through tough months, and digging back out of that accrued debt can be difficult.

The dangers of debt are not just fiscal. New studies are suggesting a disturbing trend in which people carrying heavier loads of debt suffer from a variety of stress-related illnesses. Their relationships suffer, and perhaps most distressingly, the pattern of debt can be passed onto children who grow up in an environment in which debt is considered part of the "norm".

Everyone can agree that carrying credit card debt can have long-lasting effects both on a pocketbook and on general health. Thankfully, for South Carolina residents attempting to mitigate such debt, many options exist to help them consolidate and restructure their financial lives. Debt counseling, protection, and filing for bankruptcy are all options that can help to make debt manageable and ensure a more stable financial future for individuals and families alike.

Source: CBS New York, "Seen At 11: Debt Can Do You Serious Damage In All Kinds Of Ways," June 4, 2013

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Reed Law Firm, P.A.
220 Stoneridge Drive,
Suite 301

Columbia, SC 29210

Phone: 803-726-4888
Fax: 803-726-4887
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Suite B

Florence, SC 29501

Phone: 843-679-0077
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