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I Often Think About Suicide to Ease My Pain of Debt. – Pete

“Dear Steve,

I lost my job in January. I never really saved outside of a two month rainy day fund. I’ve used most of my savings to pay bills until I can land a new job at my old salary…still waiting. I’ve fallen behind on the mortgage, utilities, car, loans, etc.

I’ve fallen into a deep depression and often think about suicide to ease my pain.

No question just wanted to see what advice you’ve given others in my situation.


Dear Pete,

Some say depression give you clarity and removes the artificial veil of optimism many people have at any give time in their life. In fact this is one of the points that Dan Airely, a famous behavioral economist, and I talked about in my interview with him..

The feelings you are cycling through are natural and normal when it comes to dealing with difficult debt problems. I felt the exact same way at times when I was living through these issues.

But even though those feelings are natural, that does not mean you should act on them.

In the debt world we have a very technical expression when people face such issues, we say “It Sucks.” Okay, so it’s not all that technical.

The reason you are feeling overwhelmingly low over this is probably because you feel like a failure and you can’t see any way forward. You are not a failure and there is a way forward, you can can’t see it and embrace it at the moment.

The reality is you are in the same predicament as millions as others and the clearest way forward to to stop paying any bill that is not a necessity. Once you fall behind the creditors will start calling and you might even be sued but in the grand scheme of things it’s not a huge deal.

Once you get employed again you can file bankruptcy and clean the debt so you can start over.

READ  UK Woman Kills Self to Avoid Dealing With Debt Problems and Hidden Credit Card Debt

Read the following two past article and let me know if any of this resonates with you. Post your updates in the comments section below.

The Honest and Unvarnished Truth About How to Get Out of Debt

Hooray, You Are in Collections! The Debt Collector is Calling. The Debt Collector is Calling

And on the issue of suicide, here is a little light reading from articles I’ve written before.


You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.

About the author

Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.


  • I have thought about suicide as well, but then I think about my family, especially my children. I think about how sad they would be If I weren’t in their life anymore. I have always been the strong one when it comes to working, paying bills and no one has any idea what the real truth is. I hide and act like everything is fine. I don’t want to die, and I don’t think you what to die. Please think about other solutions.

  • Suicide is not the answer. I myself have been a bit depressed at my debt, but suicide is permanent. The debt and loss of a job is not.

  • Suicide is not the answer. I myself have been a bit depressed at my debt, but suicide is permanent. The debt and loss of a job is not. 

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