What are The Toxic Effects of Debt?

The emotional and toxic effects of debt can be overwhelming.

Debt can take a toll on relationships, your emotional and mental health, and your physical health.

Below are some of the ways that debt can begin to affect each aspect of your life, as well as how to seek help and when to seek it out.

Acute stress, that which is easily dealt, doesn’t wreak the same havoc on your mental and physical health as chronic stress.

Chronic stress from debt can make you feel like you’re going insane, and you may have started to doubt your self worth as you try to pay back the debt unsuccessfully.

Every moment of each day may have passing thoughts about your debt.

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How can stress impact you?

The toxic effects of debt may have started to directly impact your physical and mental health, and your relationships may have a downward trajectory at this point.

You may know that you’re under a significant amount of stress, but do you know how much stress can impact your body?

Physical Health

Stress can impact your physical health rapidly.

When you’re suddenly exhausted all the time, suffering from high blood pressure, or noticing that you just never feel very well, it could be due to the toxic effects of debt.

The following are just a handful of ways that debt may be effecting your physical health:


  • Stomach problems.
  • Headache.
  • Under or Overeating.
  • Muscle pain.
  • Exhaustion.
  • Sleep problems.
  • Chest pain.


Mental Health

Unfortunately, there are still severe stigmas concerning mental health and dealing with mental health problems.

However, if you’re experiencing any of the following, you’re not alone in it.

Debt can be incredibly invasive to your mental health.

Below are some of the ways that debt may impact your mental health:




When you are in debt, one of the first things you may find yourself doing is withdrawing from relationships.

This is for a variety of reasons: not wanting to spend money at social events, fear of friends or family bringing up money, or discussing your debt, or you may have simply felt the overwhelming effects of the stress associated with debt.

If you are noticing any of the following, it may be time to seek help:


  • Social withdrawal.
  • Irritability with friends and family members.
  • Angry outbursts for no specific reason.


There is help

If you’re dealing with high levels of stress from your debt, it may be time to contact a professional debt expert.

Debt Relief is possible.

At Bankruptcy Canada, our credit counselors can help you establish a budget and pay down your debt, examine several informal options to resolve your debt, or even suggest you use one of our licensed insolvency trustees to help you through the process of declaring bankruptcy or filing for a consumer proposal.

There is a  judgment-free zone.

If you are living in constant stress from your unmanageable debt, that’s no way to live.

Finding financial help is the first step in reducing your debt and the physical and emotional effects of severe debt.

Let us help.

Contact Bankruptcy Canada today for a no-obligation initial assessment of your financial situation.

Information on Consumer Proposals

Consumer Proposals in Canada – An Alternative to Bankruptcy
What is a Consumer Proposal?
How to Amend a Consumer Proposal
What are the Benefits of a Consumer Proposal?
What are the Steps in a Proposal?
Consumer Proposal Eligibility
What Debts Are Erased in a Consumer Proposal?
Is There Life After a Proposal?

Canadian Bankruptcies

How to File for Bankruptcy
What is Bankruptcy?
Bankruptcy FAQs
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?

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