It’s not a bad economy, poor budgeting skills, or credit card interest that keep you from getting out of debt.
It’s emotions, not reasons, keep people from filing bankruptcy and starting fresh.
Even if Reason says that you’ll never pay your debts off in the usual way.
Reason also says that paying old debt steals from essential current and future needs.
But emotions stand between you and a rational decision that repayment isn’t possible and that bankruptcy is the solution.
It’s not as sexy as the seven deadly sins, but the Emotions Trio keep my clients mired in debt long after logic says “start over”.
Meet Fear, Stubbornness, and Pride. They stand between you and freedom from old debt. [Read more…]