Augusta
VIP Contributor
There's a negative impact of not reducing the balance of your debt. There come a time that you don't have to think about paying back your debt wholly because you can't but it wouldn't be a bad idea to gradually have the balance reduced
This is to show that you are making an attempt at paying back but when you are not not making any attempt it becomes a huge problem.
So what's are the negative impacts that one can faced with this
It causes anxiety
one negative impact is anxiety. You can't think straight as you would always fight to get yourself calm. because your debt balance is still high.
Brings depression
Depression might set in as yiu can't meet up to reduce your debt balance. it might come with mood swings as well
mental illness
it might lead to one being mentally down . it will even be difficult to think rationally. This goes to show that it is really bad to be a debtor
Reduction in general wellbeing
Not being able to reduce your debt balance can affect one's financially, emotionally and physically. With this it is good to desist from owing because in the long run it doesn't worth it.
This is to show that you are making an attempt at paying back but when you are not not making any attempt it becomes a huge problem.
So what's are the negative impacts that one can faced with this
It causes anxiety
one negative impact is anxiety. You can't think straight as you would always fight to get yourself calm. because your debt balance is still high.
Brings depression
Depression might set in as yiu can't meet up to reduce your debt balance. it might come with mood swings as well
mental illness
it might lead to one being mentally down . it will even be difficult to think rationally. This goes to show that it is really bad to be a debtor
Reduction in general wellbeing
Not being able to reduce your debt balance can affect one's financially, emotionally and physically. With this it is good to desist from owing because in the long run it doesn't worth it.
