How to Deal With Debt Shaming
Sometimes it’s impossible to get a thought out of your head.
For instance, if you read ‘Don’t think about a pink elephant’ what immediately pops into your head?
No matter what you do you can’t shake it bouncing around in your mind.
The same can be true for a thought you have about yourself.
Try as you might it’s stuck there and this is certainly true for the shame you feel being in debt.
Need Help Reviewing Your Financial Situation?
Contact a Licensed Trustee for a Free Debt Relief Evaluation
Why Are You Ashamed?
First, you need to think about why you’re ashamed and the answer is painfully obvious.
You think the debt is your fault.
You think you caused it and more than that you should have been able to prevent it.
You may have been shocked at how quickly your debt grew but a part of you thinks that you should have been able to see it coming.
It’s taken over your life now.
It’s impacting what you can do, your social life, and your family.
It never leaves.
How Do You Fight Back?
Do you think you’re alone with debt troubles?
Think again, 1 in 7 Canadians are struggling with debt.
That means that you probably know someone who is in a very similar situation to you.
Perhaps they’re just not willing to admit it.
Second, there are professional teams around to help you fight back against your debt and help you silence that voice for good.
As soon as you start taking action against your debt, you’ll feel a lot better.
You’ll be able to reduce the issue and slowly but surely that voice will get quieter.
Eventually, you will hardly hear it at all.
You’ll know that you’re on the right track and that you are pushing forward in the right direction.
Sometimes moving forward is all you need to do.
What Route Should You Take?
You might want to consider speaking to a counselor because debt does cause emotional issues.
It puts a lot of pressure on you and many feel trapped under the weight of their debt.
You should also explore the best option for tackling your debt.
There are lots of possibilities available on the market from debt consolidation to potentially a consumer proposal.
If you speak to an advisor, they will be able to help you make the right call here.
It all depends on how much debt has built up, how many assets you have, and how effectively you can cope with it.
Some are in a worse situation than others but no one should feel completely lost when trying to deal with debt.
Are you ready to say goodbye to your debt?
If so, we can help.
Contact us today and a friendly member of our team will discuss your options with you.
We have supported more than 100,000 Canadians with their debt recovery and we’re confident we can help you too.
How to File for Bankruptcy
What is Bankruptcy?
How Does Bankruptcy Work?
What is the Cost of Bankruptcy in Canada?
How to Rebuild Credit Following Bankruptcy
Personal Bankruptcy in Canada
What Debts are Erased in Bankruptcy?