For some people, it is a wonderful way to get entertained by making fun of others and abusing them every way possible!
Make sure you are not one of them. Make sure you don’t enjoy hurting others. If you do so, then you only deserve my sympathy!
Shaming is never a good method to use to make a person realize his faults!
Here I will be talking about a very important and distinct matter, it is “Debt Shaming”.
For some, it might be a new word, while for many they are a victim of it.
But the question is “Can debt shaming actually turn out to be helpful”?
Or can it only bring harm and prevent the victim from getting debt relief?
These questions surrounding “debt shaming” are very complex. Because the situation is no more financial rather psychological!!
Now debt itself is a very sensitive word. When a person falls into debts, he is already under huge pressure and is vulnerable to social stigma. So, should we trouble that person more by shaming him for his debt situation?
Examples might include treatments for patients residing in prisons and asylums for the criminally insane. One such important case history could be of Charles Manson’s.
So, if we apply the same theory to a person’s debt situation then “Shaming” might not be bad! But this procedure should only be used by ethical and trained medical practitioners.
Hence, to understand these conditions where finance is ruled by psychology, financial therapy has come into action.
But discussing every minute detail of financial therapy is not possible in such a concise approach like this post.
As I have thoroughly explained earlier, debt shaming can turn out to be a very disturbing and mentally stressful situation for a debt victim.
Now, in such a situation, if you bring that person down by frequent shaming, then the victim will surely go through a nervous breakdown!
So, if the person is already in a phase of self-realization, he/she knows and understands the mistakes for which they have incurred such huge debts, then debt shaming will be of no help!
One such instance could be mortgage debt, where the value of a property has depreciated over the years.
In such a case, you can’t blame the debtor even though the debt amount carried by him/her is huge!
So, understand the scenario, see how the debts are incurred, what debts are incurred, and then decide whether or not debt shaming can be of any help!
If the debtor has a big amount of debt related to credit cards, payday loans, auto loan debt, and so on, that looks like a major lifestyle fault, then shaming can actually be helpful.
But as I have said earlier, it is only a job of a professional therapist to use shaming as a tool for debt relief.
On the other hand, it is completely okay for parents and close friends to help a debtor realize his/her faults with a little bit of ethical shaming!
Hence, if you think that you are overcrowded with debts and being frequently shamed from your loved ones, then don’t be late to approach a therapist.
It’s your job to let yourself out of these messy situations!
Again if you know someone, dear to you, who’s getting carried away by reckless behavior, then you can try debt shaming yourself, but with proper care and intelligent tactics!