Debt can carry a heavy stigma, causing feelings of shame and isolation, but it's a common issue that many Americans face. This article emphasizes that not all debt is bad and provides practical advice on overcoming debt shame. It encourages tackling debt head-on with a payment plan, having open conversations about finances, and being cautious of scams. It also stresses the importance of seeking help, educating oneself and others about the realities of debt, and building a supportive community. The piece challenges the negative perceptions surrounding debt, urging readers to share their experiences and support each other in their journey to financial freedom. This is part of an ongoing series by Bankrate and National Debt Relief focusing on debt management and mental health.
Read the full article here.