Acceptance- is the 6th stage of “Debt Grief”.  

In the Stage of Acceptance, you see that debt is a trap and that you are stuck in the trap unless you decide to get help out of the trap. You’ve become more educated about your Finances and the Banks tactics to hold you in the trap. You face the realities of inaction and have resolve to take action by getting started with tackling your debts. These actions could be browsing the web for advice, asking a friend for referrals or any number of things, reading books about getting out of debt, or deciding to work with Plan B Debt & Credit Consultants. Once you’ve accepted your financial situation, and your debts for what they are you can then move to the 7th Stage of Debt Grief where you will realize getting out of debt is not as hard as you have thought.

Wikipidia term of acceptance is given below.

“Acceptance may imply only a lack of outward, behavioral attempts at possible change, but the word is also used more specifically for a felt or hypothesized cognitive or emotional state. Thus someone may decide to take no action against a situation and yet be said to have not accepted it”.

We would love to hear about experiences of people who have accepted their debt problems feel free to blog about them here.

The second stage of “Debt Grief” is Guilt and Shame.  Many of our clients come to us at this stage.

Guilt & Shame- is when you experience conflict at having not done something that you believe you should have done. Guilt gives rise to feeling awful and ashamed.  These give rise to feelings that do not go away easily. In this stage you ask your self things such as how did I get into such a financial mess? Why did I not see ho much credit card debt I had earlier?  And you strive to keep the financial mess and insurmountable credit card debts all to your self. 

The fastest way out of the Stage of Guilt and Shame is to take accountability and action. Just admit your financial mistakes and move on to the 3rd Stage of “Debt Grief”.