When your financial health is in bad shape, your mental health also takes a hit, especially with bad credit.
Nothing stresses people out like debt. Studies show a direct connection between bad credit and poor mental health.
People who grapple with bad credit (or too much debt) can experience increased stress, anxiety, and suicidal thoughts.
If your mental health is suffering, consider therapy. Similarly, you should seek financial help for bad credit.
There are many ways to get out of bad credit and into better financial and mental health. It starts with a budget.
Tracking your income and expenses, either on an app, paper, or a spreadsheet, can help you get better credit.
Make payments on time. Be responsible with your finances and manage your debt to become mentally stable.
Regularly check your credit report and score to monitor your progress. Seeing progress is good for your health.
Identifying you have bad credit and overcoming it is the right way to take care of your financial and mental health.