NEW YORK, February 9, 2022 /PRNewswire/ — National debt relief announced “The hidden cost of debt“, a multi-pronged initiative to raise awareness of the mental and physical health implications of debt, with the release of new data and the launch of a dedicated Financial Wellness Board.

“National Debt Relief has helped hundreds of thousands of clients resolve unsecured debt and achieve financial independence over the past decade – so people can get their lives back,” said Natalia Brown, Director of Client Operations at National Debt Relief. “We hear about the impact of debt from our clients every day – how it is an isolating issue that also affects self-esteem, relationships, their physical and mental well-being. As a result, we launched “The Hidden Cost of Debt” to help de-stigmatize debt and empower people to regain control of their finances.

National Debt Relief released a nationwide survey of 2,000 Americans that revealed staggering data on the “Hidden cost of debtand how debt affects a person’s physical and mental health, as well as their personal relationships. Key findings include:

  • Americans lose 200 hours of sleep each year due to debt-related stress and experience three “debt-related nightmares” each week.
  • Seven out of 10 Americans in debt feel a dark cloud over their heads. Additionally, respondents reported feeling increased anxiety (38%), stress (33%) and mood swings (32%).
  • Debt has a significant impact on personal relationships. Respondents said debt was a reason for postponing marriage (60%), considering divorce (54%), and refraining from dating friends (38%) and from dating friends ( 33%).
  • Nearly three quarters of people who took part in the survey would like to have tools and resources to help them get out of debt.

To proactively lead the debt relief conversation and inspire people to take control of their financial journey, the debt relief company has teamed up with three finance thought leaders personal and well-being to launch the National Council of Financial Wellbeing for Debt Relief.

The Financial Wellness Board’s goal will be to add an authentic, human voice to the debt narrative and provide people with the resources and support to take control of their finances by tackling their debt and getting back to it. the life.

Each advisory partner was selected based on their experience with debt and finance. This includes two leading financial experts who overcame personal debt and are now using their social media platforms to advocate for financial empowerment, and a clinical psychologist to help understand debt from a mental health perspective. and well-being.

Members of National Debt Relief’s Financial Wellness Board include:

Marc RussellBetterWallet

dasha kennedyThe broken black girl

○ dr. Regine MuradianPsyD.

These new initiatives reinforce National Debt Relief’s efforts to take an all-human approach to debt relief by helping people get out of debt and back to life.

For more information on National Debt Relief, please visit: www.nationaldebtrelief.com.

About National Debt Relief:
National Debt Relief (NDR), a BBB A accredited company that helps consumers get out of debt and is committed to empowering people on their financial journey, getting them back to living their lives and away from focusing on debt. NDR offers an effective alternative to bankruptcy, credit counseling or taking out new loans. As the premier debt relief company in the United States, NDR is proud to have positively impacted the lives of hundreds of thousands of people on their journey to freedom from debt. NDR wants to ensure clients are successful and have the best chance of regaining control of their finances. Founded in 2009, NDR is centered on values; built on integrity, growth and connection. For more information, please visit: www.nationaldebtrelief.com.

Survey methodology
This online survey of 2,000 US adults was commissioned by National Debt Relief and conducted by market research firm OnePoll in accordance with the Market Research Society’s Code of Conduct. The data was collected between December 13 and December 15. All participants receive an amount depending on the length and complexity of the survey. This survey was overseen and edited by the OnePoll Research Team, which is a member of MRS and is a member of ESOMAR and AAPOR.

SOURCE National Debt Relief