Money is, for most people, one of the biggest issues in their lives. It’s all about how much you make, how much you spend, what you have, how much you have saved. Thinking, worrying, stressing, planning, hoping and dreaming about money take up a huge percentage of our mental space.
For people with bad credit, having massive anxiety about money can take up 100% of their mental space because their situations have become so dire – and their creditors so insistent – that it’s not possible to think about anything else. When your credit report is bad, you know you’re paying for it in psychological terms – and you’re also going to be paying for it in other ways. When you’ve got bad credit, life can become unbearable.
If you’ve got a bad credit report, you may have arrived at this tough, anxiety-inducing place through no fault of your own.
Perhaps you had no health insurance, and you got sick or injured. Or maybe your auto insurance lapsed, and then you got into a bad accident that resulted in huge bills you could never possibly pay off. Other people get too many credit cards with sky-high interest rates – and then rack up massive debts that literally crush them and their futures.
However you may have incurred your bad credit report, it’s going to prevent you from borrowing money ever again – and that can mean your most cherished dreams will never be realized. No mortgage loans approved means no dream home for you and your young family. No student loans approved means no career advancement, and a grim future stuck in a low-paying, dead-end job. No car loan approved, and you’re at the mercy of public transportation, or a series of “beater” cars that are constantly breaking down and driving you crazy. With a bad credit report, you can find yourself stuck with no way of getting any relief or chance of a better life.
The good news is that debt counselors and credit counselors can help you begin the process of fixing your bad credit report. They’re ready to go to bat for you and help you figure out solutions to your credit problems.