|
How emotional avoidance of debt can increase liability Do you have emotional baggage? How emotional avoidance of debt can increase liabilityby Barbi Trejo
Being overwhelmed with debt can and will put a strain on your mental health. Avoiding debt emotionally will increase your liability because creditors will assume you don't intend to pay the debt. It is hard to explain in words sometimes, how you feel inside. Did you ever want to just run to the closet and shut the door and just never come out, this is how emotional avoidance sneaks up on us. Literary criticism articles, essays & books. Research online.
Personal love readings & predictions. All Free
Best way to find the One you need Give your birthdate to know more.
 How awful it is when a person loses his job and his whole livelihood or even when he loses enough monthly income that he can no longer pay his debts. Whether we are talking about credit cards or even the water bill, it does exist everywhere. People turn to suicide many times instead of facing the humiliation of debts and how to handle them. Suicide is never the answer to any problem, but neither is emotional avoidance. Sometimes you need to go for a run and just get it out of your system. Sometimes you just need to run as fast as you can and sweat it all off and sometimes you just need to go eat a huge banana split to release the anger, but in the end you must face life and face the creditors. Real Estate Foreclosures: Half of all foreclosures happen because of emotional avoidance of the debt. They think that in a few months they will be better off. But what happens is they get further behind and as the fees accumulate, such as a notice of default being filed and foreclosure fees accumulating, the avoidance is only hurting the liability. By now the bank thinks you are avoiding them to not pay at all and they close their books on your case. There is no need for the bank to pursue you, because they are aware of the laws in place. Even with a non-judicial foreclosure the banks will posses your home in 4 months. They are ready to play the game and it is you who will lose. Secured and Unsecured Debts: When it comes to credit card debt the same rule applies. By avoiding the calls for money and the eventual collector calls, you have done nothing but made the situation worse. You must answer the calls and you must handle the questions or things will just get worse. What can you do in these circumstances and how can you win? As far as secured debts such as a car, they will repossess the automobile in one month sometimes. Early in the morning around 5 am the truck shows up outside to surprise you. They secretly take your car or truck and you wake up and the first thing you do is call the police to report a theft. Needless to say they tell you it was repossessed. How could this Add This Entry To Your CureZone Favorites! Print this pageEmail this page  Alert Webmaster
|
Write now
Article Tools
CureZone Newsletter is distributed in partnership with https://www.netatlantic.com
Contact Us - Advertise - Stats
0.063 sec, (2)