Debt 'can lead to stress for borrowers'

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Debt 'can lead to stress for borrowers'

Wed 19th Oct 2011

Dealing with high levels of debt can be extremely stressful for individuals and can even result in the outbreak of physical symptoms, it has been claimed.

Caroline Carr, hypnotherapist and life coach at Mypartnerisdepressed.com, said disorders like insomnia, depression and anxiety can be common for those with high levels of stress and faster heart rates and a general tension in the body means people can find it harder to relax and put their worries to one side.

She commented: "Stress sends toxins to the liver and unless there is a proper release, everything can build up and there can be all sorts of really unpleasant physical symptoms."

According to Una Farrell, a spokeswoman at the Consumer Credit Counselling Service, individuals that take out payday loans on a regular basis could be using these borrowings to mask serious financial problems.

She added that these issues can quickly snowball, with multiple pay day loans having a severely detrimental impact on borrowers' ability to make ends meet each month.

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