At first, your money issues may have started out small. You may have had to only pay the minimum amount on your credit card because money was tight, but you told yourself you would catch up next month. Unfortunately, you had a medical emergency that left you with considerable medical bills to handle or another sudden event. Still, you may not have felt too overwhelmed. As time has gone on, however, you have only found your financial situation getting worse.
It is a difficult reality to accept, but it is easy for small money issues to quickly snowball out of control for any Arkansas resident. Factoring in interest, dealing with unexpected expenses, earning a smaller paycheck than you anticipated and much more could easily contribute to minor money issues turning into something gut-wrenching.
Stress and physical effects
In cases of stress relating to money issues, “gut-wrenching” is not just an expression. You may genuinely feel physical effects of your financial stress coming in the form of stomach aches. You could also have headaches, trouble sleeping, difficulty managing anxiety and several other ailments. Sadly, the worse you feel, the more likely it is that you will not be able to effectively handle your money problems. For instance, you may need to take days off work because you feel sick or have trouble concentrating.
You could easily find yourself in a difficult spiral of worrying over your debt, feeling sick about your situation, your debt getting worse and so on. However, as detrimental as this may seem, you are not out of hope.
If your financial struggles have reached a point where your physical and mental health is significantly affected, you may want to speak with medical professionals about your situation. Though the issues may stem from financial struggles, you do not want either your mental or physical health to suffer to a dangerous degree.
If you hope to address your problem head-on, considering bankruptcy may be worthwhile. Chapter 7 or Chapter 13 could help you address your debt in a way that gets you back on stable financial footing. The exact type that could best work for you will depend on your specific circumstances, but gaining information on your options may help you see the light at the end of a long and difficult tunnel.