It is not uncommon for people to have a very real fear of going into debt. Often this is something that is based on past experience, or perhaps even experiences with debt as a child living in a family with significant stress around money and bills.
Fear of Debt
Sometimes, this fear of debt makes it very difficult for an individual to talk about financial problems with a spouse, partner, or the family. Not being able to be honest about mounting bills only leads to more stress, frustration, and even anger at not being able to “fix” the problem.
Other people may attempt to deal with a fear of being in debt by simply ignoring the issue or pretending it is not happening to them. They may avoid opening the mail, not answer the phone or avoid having anything to do with financial calls and attempts by creditors to collect.
Regardless of why people have a fear of debt, reaching out for assistance is the best way to overcome the issue and develop a structured, organized approach to paying off debt. This is the area of expertise of the debt consultants at 4 Pillars in Victoria.
Facing Debt
One of the key tools that debt consultants from 4 Pillars in Victoria offer clients is a non-judgmental, practical, and customized approach to understanding debt and options for debt management moving forward. All of the plans offered by the debt consultants are tailored to the specific client, with considerations for their goals and plans.
People often assume that bankruptcy is the only solution, but this is entirely based on the situation. There may be several options that an individual can choose to begin to repay debts and rebuild their personal credit.
The team at 4 Pillars can also provide education during the process. This helps people with a fear of debt to gain a better understanding of how to manage debt and avoid financial issues in the future.
Let the team at 4 Pillars in Victoria assist you in developing an effective, customized plan to address your debt. To find out more, see us online.
