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Possible link between debt and mental health found

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Published Date: 10 October 2009
By Nicky Burridge
ONE in two people in debt may have a mental health problem, a report said yesterday.
The Royal College of Psychiatrists, which reviewed 54 papers on the subject, found evidence of a link between debt and mental health problems, including anxiety and depression.

The group said the higher people's debts were, the more likely they were to have a mental health disorder. It added that there was no conclusive evidence of a causal relationship.

It said that an individual's worry or concern about their debt could have an equal or larger impact on their mental health as the actual amount of money they owed.

The report, published with mental health charity Rethink and funded by the Money Advice Trust and the Finance & Leasing Association, found that people with mental health problems often did not seek help with their financial difficulties.

Also, customers with debts often do not disclose they have a mental health problem to their creditors, because of embarrassment or because they do not think they will be believed.





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  • Last Updated: 09 October 2009 8:25 PM
  • Source: The Scotsman
  • Location: Edinburgh
 
1

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10/10/2009 00:43:09
Comment Removed By Administrator
Reason:
2

Charles Linskaill,

Edinburgh 10/10/2009 00:50:33

The Problem with Mental Health Issues is, when you know someone with an mental health problem, there is very little, if any, help and treatment they soo desperately need an require out there, basically no-one cares, the result is loved-ones and families are left devastated, helpless, and at their wits end, in knowing what to do! as the professionals who deal with people with mental health issues, do not listen to anyone that knew the person concerned, now with the mental health problem.
Concerned?, Very Concerned!, as are all the family, But what can one do to Help, when there is NO HELP!!?



3

Charles Linskaill,

Edinburgh 10/10/2009 01:09:03

Also, And!, Then we all witness the Tragedy, of Mental Health Issues being ignored, as we had two young death in our News recently, a needless waste of life, and one of two words that brings sadness, two words,...'If Only'?





4

Charles Linskaill,

Edinburgh 10/10/2009 02:04:03
edited##2/3.


The Problem with Mental Health Issues is, when you know someone with an mental health problem, there is very little, if any, help and treatment they soo desperately need and require out there, basically no-one cares, the result is loved-ones and families are left devastated, helpless, and at their wits end, in knowing what to do! as the professionals who deal with people with mental health issues, do not listen to anyone that knew the person concerned, now with the mental health problem.
Concerned?, Very Concerned!, as are all the family, But what can one do to Help, when there is NO HELP!!?

Also, And!, Then we all witness the Tragedy, of Mental Health Issues being ignored, as we had two young deaths in our News recently, a needless waste of lives, and one of two words that only brings sadness of the scenario, two words,...'If Only'?
Much requires overhauled ASAP, in all departments of all Mental Health Care, as the Word 'CARE', Is non the Case!


5

Charles Linskaill,

Edinburgh 10/10/2009 02:55:41

If the Scotsman News want to get in touch with me and our Family, about the this Issue, they can, it would be headline news, in respect of Mental Health Issuses, they know where I am to be contacted.


6

Miss Pixie,

formerly of Dinleyhaughfoot Cottage, Roxburghshire 10/10/2009 12:21:58
Charles Linskall makes a good point. Mental health issues are misunderstood and/or ignored by most people. With bi-polar disorder there is usually a big problem with spending money. The afflicted persons go on unchecked spending sprees. This causes debt. Most of these people aren't as yet diagnosed because no one recognizes the signs of bi-polar disorder.
7

Anthony,

Glasgow 10/10/2009 14:44:10
Do some lenders exploit this? I suspect they do. Banks seem to build up a picture of the customers they can take advantage of, and then seem to duly try and punt excessive charges.

Only anecdotal I concede, but it would be interesting to see some research into this.
8

beegoo,

11/10/2009 20:02:33
do not believe them they are at it, most people i know with mental health problems have sustance misuse problems.

some of them have been misusing substances including alcohol since children.

the debt relates mostly to their addiction which affects their judgement.

the charities are just as guilty when it comes to trying to smooth over the problem.

debt is debt and we are all different

 

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