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Debts and despair
5.2 million people are behind on consumer credit payments. Half of them (49%) feel harassed by the volume of contact they receive from their creditors. This is unnecessary distress at a time when 50% of people behind on bills say they have felt suicidal due to the rising cost of living.
Our Debts and despair report explores this issue in more detail and sets out our recommendations for breaking the link between debt collection and psychological harm.
*Suicide is not inevitable, it is preventable. Financial problems can always be resolved. If you or someone you know is struggling with suicidal feelings, financial difficulties or mental health problems there is advice and support out there.*
“To be in debt and to have people calling up to fifteen times a day, to have your voicemail full, to have the postman open your letterbox with even more debt letters with even more threats – is too much for anyone. You think your life isn’t worth living.”
Expert by experience
cost of living crisisThe cost of living crisis hasn’t gone away
Toby Murray, Senior Research Officer, Money and Mental Health
May 08, 2024Money and Mental Health’s submission to the FCA’s consultation on “Our Enforcement Guide and publicising enforcement investigations–a new approach”
Money and Mental Health welcomes the FCA’s proposals for publicising enforcement investigations and suggests ways the FCA could go further to inform affected consumers.
May 01, 2024Access to debt advice
The needs of people with serious mental health problems.
April 02, 2024iNews
An article by Callum Mason in iNews covering our latest report, Always on your mind, featuring our Research Community member Rob.
March 20, 2024Best practice checklist: Debt advice providers
Half of people in problem debt have a mental health problem. This checklist sets out how debt advice providers can make their services more accessible for people with mental health problems.
July 29, 2020
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