You may have noticed changes in your behavior, unnatural mood swipes, and sudden anger, apart from frequent headaches, the rise in blood pressure, and frequent visit to the doctor and much more when you are in debt. These are all signs and symptoms that your debt has started working on your health and affecting your personal and professional life as well. When you suffer from bipolar disorder and depression, it is time to manage your debt properly. Given the mental situation that you currently have it is obvious that you would not be able to handle it alone and therefore a visit to a qualified credit counselor is suggested.
Understand The Illness
Before you jump start into counseling, it is better to understand the illness which is not your fault and you did not cause the illness to come on you. It is the result of your struggling to manage your finance, and the struggle may have reached to a degree where you have no other way but to go for medication to get a proper night’s sleep. You need not worry about such a condition as there are several resources to which you turn to for getting help. The charges of such services may vary from state to state and sometimes they are offered even for free or at a discounted rate.
Mental Health And Counseling
When you feel that you are under mental stress due to your financial health, you should go for financial counseling. Financial counseling could be of varied types including housing and credit counseling, and it is better that you start with the basic and most simple credit counseling first. You can get such services in person, or you can get it online as well. Your budget, financial status, credit status, income, and expenditure would be carefully considered before telling you about an effective and simple way to deal with the dire situation.
Other Types Of Counseling
There are other types of counseling available both online and offline as well for people like you who are in acute stress and mental ill-health due to financial debt and its effects. You can click here to know more. If you are thinking of buying a home sometime down the road, then you should go for counseling for housing. On the other hand, if you have already a house on the mortgage loan and having difficulty in paying the bills on time then you can straight away opt for reverse mortgage counseling. Sometimes a general DMP may be suggested to you and many times it has helped people who are in mental stress due to debt.
Bankruptcy Is The Last Resort
Most of the times you would see that a general DMP as suggested by the counselor is helpful and good enough to deal with your debt situation and in due course it would help you to improve your mental health. If you are a good candidate and follow the hardship plan for a considerable period, then you can clear your debts and improve your mental health even without filing for bankruptcy which should be your last straw as it affects your credit score. Therefore, do not despair for the mental illness for debt but take care of it first through proper counseling.