5 Science-Backed Ways Debt Relief Improves Health

Written By Naazma Garcia
Jun 28, 2022


Debt isn’t just bad for your financial well-being, it’s also bad for your physical and mental health. Stress stemming from debt is the most obvious suspect when it comes to your health, but your debt may also be causing cognitive decline, leading to unhealthy habits, and preventing you from getting the medical care you need. 

Dealing with debt allows you to plan your financial future, live your dreams, and have a comfortable retirement, but it also may help you live a longer, more fulfilling life. 

Here are 5 ways debt relief may improve your health.

1. Seek Medical Care When You Need It

Americans have at least $140 billion in unpaid health care bills. Neal Mahoney, a Stanford economist, found that individuals who are saddled with debt are less likely to seek out the medical care they need. His research also showed a sharp increase in doctor visitors among individuals who had their debt relieved. 

Medical care is more than just about fixing what is wrong right now. A physical or a scan can identify disease early, saving you money in the long run and possibly extending your life. 

2. Improved Psychological and Cognitive Function

A 2019 study from the National University of Singapore found that reducing debt improves psychological and cognitive performance by reducing an individual’s mental burden. 196 people participated in a one-off debt relief program. They were given surveys and tests to measure their anxiety and cognitive functioning before and after their debt was relieved. 

The study found that participants experienced less anxiety and improved cognitive functioning three months after receiving debt relief. Furthermore, their ability to make better financial decisions also improved. 

3. Increased Leisure Activity

Doing what you love in your spare time can be good for your health. A study published by University of California, Merced Professor Matthew Zawadzki found that people who engage in leisure activity have “lower stress levels, better mood, a lower heart rate, and more psychological engagement.”

It’s hard to take a ski trip or hit the links when you’re saddled with debt, and even if you spend your leisure time doing free activities like hiking, you’ll be burdened with debt-induced stress.  

4. More Mental Space for Important Issues

Research has found that anxiety is correlated to self-focus and that even higher levels of anxiety are correlated with negative self-focus. The stress of debt tends to take up a lot of mental space. It follows us throughout the day: when our friends invite us out when a birthday is approaching, when a bill comes in the mail, etc.

All that mental capacity reserved for stressing about debt can be better spent confronting important issues and creating healthy habits. 

5. Handle Unhealthy Coping Habits 

A 2013 study published in the European Journal of Public Health found a correlation between debt and addictive behavior. The study found that individuals in debt were three times more likely to have a common mental disorder (CMD) of some kind (including addiction).

Once an individual finds debt relief they will have less stress, more time to dismantle unhealthy coping habits and be financially stable enough to seek treatment if needed. 

Start Eliminating Your Debt Today

You can start improving your health by eliminating your debt. Get in touch with a trusted consumer credit and debt relief solution company like Americor

Contact a certified debt consultant today to receive a free debt analysis. 

Click here to apply: https://apply.americor.com/new

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Americor provides debt solutions to thousands individuals and families all over the country. We’re a next-generation debt relief company with a proprietary platform designed to help clients get out of debt quickly. Together we’ll develop a strategy for you to enjoy a debt free lifestyle. Learn more about how Americor can help relieve the burdens of debt today.

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We provide debt resolution services. Our clients who make all monthly program payments save approximately 40 – 50% of their enrolled debt (average of 43%) upon successful program completion, before program fees. Fees are based on a percentage of your enrolled debt at the time of starting the program and range from 15%-25% of your enrolled debt. Programs range from 20-48 months. Clients must save at least 25% of each debt due to an enrolled creditor before a bona fide settlement offer will be made. On average, clients receive their first settlement within 4-7 months of enrollment and approximately every 3-6 months thereafter from when the prior debt was settled. Not all Clients complete the program. Estimates are based on prior results and may not match your results. We cannot guarantee that your debts will be resolved for a specific amount or percentage or within a specific timeframe. We do not assume your debts, make monthly payments to creditors or provide tax, bankruptcy, accounting, legal advice or credit repair services. Our program is not available in all states; fees may vary by state. Some programs may be offered through The Law Firm of Higbee & Associates d/b/a Advantage Law. The use of debt resolution services will likely adversely affect your credit. You may be subject to collections or lawsuits by creditors or collectors. Your outstanding debt may increase from the accrual of fees and interest. Any amount of debt forgiven by your creditors may be subject to income tax. Clients may withdraw from the program at any time without penalty and receive all funds from their dedicated account, other than funds earned by the company or fees paid to third-party service providers, as may be applicable. Read and understand all program materials prior to enrolling. Certain types of debts are not eligible for enrollment. Some creditors are not eligible for enrollment because they do not negotiate with debt relief companies. To determine the offers you may be eligible for, Americor conducts a “soft credit pull.” This credit pull does not impact your credit score, creditworthiness, or ability to obtain credit from other sources. The soft pull is not a tradeline entry, it does not report against your score and will only take a few minutes.

Americor Funding, LLC (18200 Von Karman Ave, 6th Floor Irvine, CA 92612) is fully accredited by the Better Business Bureau (BBB), the American Fair Credit Council (AFCC), and the International Association of Professional Debt Arbitrators (IAPDA). CA Department of Financial Protection and Innovation (DFPI) License # 603K913.

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