subject: Is Your Debt Making You Fat? [print this page] It has been shown that debt can have many negative effects in many areas of your life. Relationships and health are probably the things in your life that will be impacted the most. In recent months, many financial experts have been talking about how people that have debt also gain weight as their debt increases. Weight gain is just one of many health conditions that can be aggravated by debt. People can suffer high blood pressure, anxiety and depression as a result of the stress that is caused by debt.
You will find that many things in your life will change for the better once that debt is gone. So the sooner you can look at your debt relief options and get started, the better off you will be. It is time to stop charging and start using cash to pay for things. If you are going to pay the debt on your own, the snowball method of repayment is one of the best methods of repaying your debt.
You begin by listing all of your debts. Select the one with the lowest balance for accelerated repayment. Make minimum payments on all other accounts. On the account with the lowest balance, pay as much as you can each month, until it is paid in full. When the account is paid off, identify the account that now has the lowest balance and repeat the process until all of your accounts are paid in full.
If you feel you are too overwhelmed by your debt and this might be more than you can handle, a credit counseling organization can help you enroll in a plan that can have you debt free in less than five years. They will consolidate your unsecured debts into one account. You will pay them once a month and they will pay your lenders.
If you are tired of being overweight and in debt, it is time to make some changes. Get a free quote for non profit debt consolidation so that you can pay off your debts and improve your health. Once you begin to get your debt under control, you will see how much easier it will be to begin to lose the excess weight.
