“There Is No Winning”

Abstract A range of health effects are associated with debt burdens from ubiquitous access to expensive credit. These health effects are concerning, especially for women who owe multiple types of higher-cost debt simultaneously and experience significantly higher stress associated with their debt burdens when compared to men. While debt burdens have been shown to contribute to poor mental and physical health, the potential gendered and racialized effects are poorly understood. We conducted interviews between January and April 2021 with twenty-nine racially marginalized women who reported owing debt, and used theoretical concepts of predatory inclusion and intersectionality to understand their experiences. Women held many types of debt, most commonly from student loans, medical bills, and credit cards. Women described debt as a violent, abusive, and inescapable relationship that exacted consequential tolls on their health. Despite these, women found ways to resist the violence of debt, to care for themselves and others, and to experience joy in their daily lives.