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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
BlogsPublic sector debt collection and psychological harm: our upcoming research
Francesca Smith, Research Officer, Money and Mental Health
July 15, 2024Money and Mental Health’s submission to Ofgem’s call for input on affordability and debt in the domestic retail market
Money and Mental Health raise the factors that contribute to people with mental health problems being more likely to be behind on their energy bills and what actions the government, Ofgem and energy companies need to take.
May 15, 2024Daily Mail
Money and Mental Health respond to FCA findings that over 7 million UK adults struggle to pay bills due to high cost of living.
April 10, 2024Access to debt advice
The needs of people with serious mental health problems.
April 02, 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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