Mental health promotion in Ireland remains the least developed area of health although there is increasing realisation that “there is no health without mental health”. Our ability to process problems, deal with stresses and our personal self-esteem go hand in hand with our mental health. Studies carried out by the University of Nottingham have shown that individuals struggling with finances are twice as likely to have mental health issues. The stresses and anxiety of financial problems were also proven to affect abilities to work and maintain relationships.

depressionProblems with our finances can have devastating effects on our self-esteem and mental health. Bankruptcy especially can lead to feelings of isolation from friends, family and society, feelings of guilt and shame, and overall depression.

Dealing with these mental health issues that are related to financial strains could include counselling or support groups. Preventing future financial problems by dealing with your current ones properly can also help.

Keeping things in perspective when in debt is important. If struggling with finances it is important not to ignore bills or let debt increase anymore. Ignoring bills and debt may help by alleviating some current pressure off, but your debt will continue to rise. Procrastination can have more over-whelming long-term effects. Serious problems concerning your debt and mental health do not just go away overnight.

Talking to a professional when your financial difficulties are impacting on other parts of your life is vital.  Realistically the sooner you confront your debt the sooner it can be solved. Companies like AJ Debt Solutions are here to help.

Here at AJ Debt Solutions we believe bankruptcy is the final option. There are a few less terrifying options to try. Solutions such as informal arrangements, Personal Insolvency Arrangement (PIA) and Debt  Insolvency Arrangement (DIA). AJ Debt Solutions are one of the only agencies offering a unique UK service known as an Individual Voluntary Arrangement (IVA). It is an arrangement that although effects your credit rating and is far less severe than bankruptcy.debt

Putting off dealing with your debt any further will do much more harm than good. Seek out help from a friend or family member to talk, or call us here and speak to one of our professional debt advisors.

 

Mental Health Helplines:

Grow 1890 474 474

Samaritans 1850 60 90 90

Shine 1890 621 631

Aware 1890 303 302