Have being in debt caused you depression?

Dori

Dori

Member
Finding yourself in a very serious debt can affect you physically, mentally, emotionally and psychologically. This is why it's very easy for someone with so much debt he or she doesn't have a way of paying off might fall into depression.

Have being in big debt caused you depression?
 
I would be lying if I said that debt had never caused me depression. I have been in debt before and it's not something I would ever want to get back into. I became pretty down and depressed during it and felt like I was drowning.
 
I have been depressed when I was owing some debts. Not only the debts, I was a student also and because there's no money to pay up both school fees and other things, I became so depressed. It's a phase we will always be grateful.
 
As someone who has once fallen into serious debt, I'd say that it is very possible for someone to fall into depression because of debts. I almost did. It took serious mental discipline for me to overcome it.
 
I have always been the frugal type, I don’t like having debts at all. So I don’t think I will ever be depressed as a result of my debts. Maybe a different reason, but not bills unpaid or money owed.
 
Debts can really have its toll on you emotionally. You find it hard to focus on what you, especially if the people you owe are on your neck. My advice is that you should avoid debts as much as you can.
 
Debts can leave you feeling behind in life, especially if it’s not a small one. You spend most of your time thinking of how you will be free from the shackles, and this can be depressing really.
 
MildlyDepressed said:
I have always been the frugal type, I don’t like having debts at all. So I don’t think I will ever be depressed as a result of my debts. Maybe a different reason, but not bills unpaid or money owed.
Click to expand...
That's a great mindset there. Some people are too stoned to care about how much they owe or people they owe, thinking about that is giving them the depression spirit which won't give them the energy to work and pay off.
 
I believe that whenever you are in a serious debt that you cannot think of any way to pay off everything you owe, it has a very high potential of pushing someone into depression.
 
My prayer is that everyone should be able to afford the basic needs of life. Debts is rarely a good thing to be into, it is easier to collect but harder to repay.
 
Kennysplash said:
My prayer is that everyone should be able to afford the basic needs of life. Debts is rarely a good thing to be into, it is easier to collect but harder to repay.
Click to expand...
My daily prayer every day is to have the money that will always afford the basic needs, extras are allowed to be sufficient too. Some people dies due to too much accumulations of debts.
 
Sara said:
My daily prayer every day is to have the money that will always afford the basic needs, extras are allowed to be sufficient too. Some people dies due to too much accumulations of debts.
Click to expand...
You are correct. People out there are going through a lot because of accumulated debts, which means of paying back is not forthcoming. It is easy for someone to give in to depressing thoughts.
 
No, I don't have any debt to pay anyone and not even my credit card too. I'm 100% debt free. I don't know what it feels like to be in a serious debt. It have never made me to be depressed.
 
Ryder said:
No, I don't have any debt to pay anyone and not even my credit card too. I'm 100% debt free. I don't know what it feels like to be in a serious debt. It have never made me to be depressed.
Click to expand...
Way to to buddy. A serious debt hanging over your head is never going to let you have peace of mind. It's possible to cause someone depression.
 
Ryder said:
No, I don't have any debt to pay anyone and not even my credit card too. I'm 100% debt free. I don't know what it feels like to be in a serious debt. It have never made me to be depressed.
Click to expand...
You have really discovered the true hang of the benefits of being debt free. You have free of mind, and even though you are not particularly rich but you are contented.
 
You must log in or register to reply here.
Back
Top