When this site was young, U.S. Armed Services disclosed that a significant number of service personnel cannot be deployed overseas because of their personal debts.
The military said that excessive debt both distracts from job performance and makes the G.I. vulnerable to corruption.
The effect of debt is the same for the rest of us today.
Civilians buried in debt try, to their credit, to soldier on through debt, reluctant to recognize that they can’t ever pay off the debt they have.
They would do well to recognize, as the armed services do, that debt is debilitating. It impacts families. It sucks energy, optimism, and focus from the debtor.
Debt stands between the consumer and the savings necessary to meet the unexpected and the entirely predictable old age.
The need for debt relief was recognized by the Founding Fathers, who empowered Congress to make uniform bankruptcy laws. Discharging debt is legal, effective, and empowering.
Consider gettng a fresh start if debt is interfering with your life.