If you’re struggling with debt, you may have missed payments, debts may have gone to a collections agency and your stress levels are through the roof. Maybe you’re concerned about your credit rating and what to do next.
While your financial well-being is very important, have you given any thought to your mental health as well?
Debt can weigh heavily on a person's mental health. There are tangible consequences to letting stress run amok. Anxiety, worry, sleepless nights, arguments with loved ones over money — worries about debt can erode your peace of mind and even impact your physical health.
When we clear debt, it also reduces our stress levels. Taking care of debt can bring balance back to our lives and make life much easier in so many ways, including:
Once your debts are cleared, you’ll be able to look at your budget in a completely different way. Instead of making payments to creditors for purchases you’ve made in the past, you can start planning what you really want to do with the income you earn.
This can include saving for:
What is key to your success is planning how to actually become debt-free. If you’re worried about your debt, it’s important to do what you can to relieve your stress. There is no better time than the present to reach out and ask for help. This may be possible with the guidance and support of a Licensed Insolvency Trustee, who can help you negotiate with your creditors through a Life-Changing Debt Solution, such as a Personal Bankruptcy.
Schedule a Free Confidential Consultation with a Licensed Insolvency Trustee today to learn your options to help you choose your best path toward debt freedom and reduced stress. Call us today to make that dream a reality.
2025-06-30
Lifestyle Debt Debt Solutions
Eight times a year, the Bank of Canada will make an announcement on the key interest rate, and if projections are correct, we are going to see interest rates rise. You could be thinking, what does that mean, how will it affect me, what can I do?
2025-06-10
Lifestyle Debt Debt Solutions
Disasters like wildfires, floods, and pandemics can happen without warning, so it’s become critical to future-proof your small business.
2025-03-05
MNP Consumer Debt Index Debt Solutions Lifestyle Debt
As financial struggles persist, the launch of Debt Literacy Month this March aims to break down these barriers, providing Prince Edward Islanders with the critical knowledge and trusted resources they need to regain control of their finances.
