The present day and age is really stressful in many grounds if we see. The major area of stress is the financial ground where the individual feel distressed at one or the other point of time time in life. Talking about financial ground we can not forget the common phenomenon that is known as debt stress. Debt stress can effect body both mentally and physically. It can cause problem from anyone starting from a student to a retired person.
An individual falls in the trap of debt when he or she runs out of money or cash and in order to meet their daily needs of life they have to take a financial help from someone. The person who provides this financial help is known as debtor and the person who seeks the help is known as creditor. The main factor that can lead to a debt stress is the credit card. Therefore in order to avoid stress the first thing that should be done is avoiding the usage of credit card. Because due to the availability of the facility of a credit card people do buy a lot of things with their credit card and later on when they have to repay the debt they feel helpless and so their large amount of cash is deducted in the name of late fine.
Debt stress can also hamper the social life of a person. Sometimes people get so much stuck into their debt trap that they feel compelled to borrow a new loan to repay the old one. In this context they fell totally neck deep in the sea of debt. So in order of escape from the debt stress the individuals should stop making debts one after another.
An individual falls in the trap of debt when he or she runs out of money or cash and in order to meet their daily needs of life they have to take a financial help from someone. The person who provides this financial help is known as debtor and the person who seeks the help is known as creditor. The main factor that can lead to a debt stress is the credit card. Therefore in order to avoid stress the first thing that should be done is avoiding the usage of credit card. Because due to the availability of the facility of a credit card people do buy a lot of things with their credit card and later on when they have to repay the debt they feel helpless and so their large amount of cash is deducted in the name of late fine.
Debt stress can also hamper the social life of a person. Sometimes people get so much stuck into their debt trap that they feel compelled to borrow a new loan to repay the old one. In this context they fell totally neck deep in the sea of debt. So in order of escape from the debt stress the individuals should stop making debts one after another.
No comments:
Post a Comment