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Navigate Your Credit Successfully

Neal Frankle
I’m Neal Frankle, Certified Financial Planner™. Credit problems are a serious business. In fact they changed my entire family life when I was 16. This site is here to help you repair your credit without getting ripped off. Read my story.
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Why You Need to Eliminate Credit Stress as Soon as Possible

by Neal Frankle, CFP®

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Credit problems usually start small. Over time, the same problem that you have with one creditor affects your standing with others. By then you’re almost certainly experiencing credit stress, and it is having an effect on virtually all areas of your life.

If this sounds familiar, then you need to eliminate credit stress as soon as possible. If you don’t, you should fully expect one or more of the following outcomes.

Credit Problems Tend to Grow, Leading to Even More Credit Stress

It’s easy enough to understand why credit problems are stressful. But equally important is the fact that credit problems tend to be self-perpetuating. A problem with one creditor leads to a problem with another, and still another. As that progression plays out, your credit score plunges, and your credit problems are now across-the-board.

This is how a little bit of stress turns into a lot of stress. Eventually, the stress becomes so intense, that you can’t see a solution in the future. It is not unusual for people who experience credit problems to stay in that situation for many years. When that happens, all of the problems associated with credit related stress are magnified.

Credit Stress Takes a Toll on Your Health

The link between stress and health is well documented. Prolonged periods of stress can lead to hypertension, a weakened immune system, depression, heart disease and extreme weight gain or loss. Each can represent a permanent illness in response to what should be a temporary problem.

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Credit stress can have a negative effect on your health since credit problems tend to be long-term in nature, and can disrupt virtually every area of your financial life. If your credit is impaired, you may be experiencing daily phone calls and certified mail from collection agencies that will not allow you to forget about your problems.

The stress generated by this type of ongoing conflict can cause a decline in your health, which will make it even more difficult to deal with your credit issues.

The sooner you can put your credit problems behind you, the better it will be for your overall health.

Credit Stress Can Interfere With Your Ability to Earn a Living

If your mind is awash in concern about deteriorating credit and inability to pay your bills, you may have difficulty concentrating on your work or even finding a job. As well, the toll on your health may cause you to miss work due to periodic physical ailments and a lack of sleep.

If you already have credit problems, the last thing you need is problems on the job. You need your job in order to be able to pay your bills, and to eventually improve your credit situation. If you are demoted or lose your job as a result of your lack of concentration due to credit stress, your entire situation will become substantially worse.

Credit Stress Can Hurt Your Family and Other Relationships

Very few people can put their problems into little boxes and put them on the shelf. A problem in one area of your life is likely to have a negative effect on other areas of your life. This is especially true when it comes to family and other close relationships. Since those are the people who are closest to you, it will be difficult for you to be your usual calm self when you’re going through credit problems.

Relationship issues may start slowly and subtly, but they will grow as your credit problems grow. In fact, credit problems are a major cause of divorce. You should want to fix your credit problems as soon as possible to avoid that outcome.

Credit Stress Takes the Fun Out of Life

It’s tough to enjoy life when your mind is seized up with worry over credit problems. It becomes difficult even to relax, let alone to do things that are fun, and offer much-needed entertainment or recreational distraction.

If credit stress goes on long enough, not only will you not enjoy life, but you may eventually find yourself not knowing how. After all, if most of your mental energy is focused on your matrix of credit issues, there won’t be much left over for anything else, including having fun.

Worse, if you are often trapped in a state of low-grade misery, it could eventually lead to depression, and all the health issues that come with it.

You Must Put Credit Stress Behind You Once and For All

It’s actually very possible for credit problems to take over your life, and destroy everything in it that’s good. For this reason, you must take action to put a halt to the problem, and take back control of your life! There is a way to do it, and the sooner that you do, the less likely you will face all of the bad outcomes we’re talking about here.

Sure, you could just walk away on your debts, and ignore them – some people actually do that. But it only offers temporary relief, if it offers any at all. The better way is to do it legally, and you will need a competent law firm that specializes in credit in order to do that.

The idea is to settle or eliminate your problem credit accounts, so that you can get on the path to improving your credit and your credit score, so that you will regain control over your credit and your life.

Be sure to move quickly though; it’s a mistake to think that other areas of your life are not affected by your credit troubles.

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