Anyone who has found themselves behind on their bills knows how overwhelming the anxiety about debt can be. Just missing one payment can send your finances in a downward spiral of only paying off interest and fees and never making actual headway on the balance. Many experience anxiety about their current finances and don’t know who to ask for help with their stacks of bills. There are a number of ways to get relief from debt anxiety, and this week on my blog, Facebook and Twitter, I will be addressing the steps to make an informed decision about your finances when you find yourself in this situation.
The first thing to consider if you are suffering from anxiety caused by overwhelming bills from loans, credit cards, settlements or other outstanding financial obligations, is to know you are not alone. The damage caused by the recent recession has caused many of your friends and neighbors to be the exact same situation as you. Anxiety levels over debt have never been higher and avoiding or ignoring the fact that help is available can make it even worse. Don’t be afraid to ask for help. Once you become aware that relief is available to you, it could be the first step to alleviating your anxiety once and for all.
Next, review all of your financial statements – bank statements, credit card bills, monthly expenses, etc. In order to properly evaluate the issue, you need to have a clear idea of how bad (or not so bad) that it is. You may find that you only have credit card debt, or that you are current on your credit cards and are only having issues keeping up with your mortgage payments. It is important to know which debts are giving you anxiety before you can tackle them.
Do any of these statements seem familiar? If they do, you are a prime candidate for bankruptcy. I offer a free consultation, so you have nothing to lose and so much to gain. Don’t wait until it is too late. There are times that you may have waited too long to deal with your financial problem. If you are facing a foreclosure, vehicle repossession, wage garnishment or a tax lien, it is imperative that you call my office immediately to discuss your options.