Mind reveals link between debt and depressionOne in six callers suffering financial stress
25 January 2011
Debt worries are leading to mental health problems for many consumers, according to charity Mind.
One in six calls being received by Mind in Plymouth is now related to financial stress, according to BBC reports. Mind director Richard Wakerell told BBC News that someone who has suffered mental illness is three times more likely to be in debt than someone who has not
He explained: 'Sleepless nights develop into a regular pattern and people have that burden and that anxiety gnawing away at them all the time. If they don't do anything about it it's just going to build and build and build.'
CCCS launches Wellbeing service to gauge anxiety and depression
According to free debt advice charity Consumer Credit Counselling Service (CCCS), 37% of the CCCS clients it surveyed said that debt problems had adversely affected the relationship with their partner, and 22% had seen their relationship with their children affected.
In response to these issues, the organisation launched an additional service to its online debt advice DebtRemedy tool, entitled CCCS Wellbeing.
Developed alongside consultants from the World Health Organisation, the Mental Health Foundation and a senior GP from the Royal College of General Practitioners, CCCS Wellbeing asks users 16 medically-endorsed questions to assess their levels of anxiety and depression.
It’s a self-diagnosis tool, meaning that as long as the answers supplied are honest, it provides effective (and anonymous) solutions to help get back on track.
Which? debt, credit and loans surgery
Which? Money is running an online debt, credit and loans surgery between 12pm and 1.30pm on Monday 31 January, when you can ask our panel of experts all your credit and debt questions.
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Which? debt advice
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Also, read out news story Eight ways to get out of debt in 2011.
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