SHARE THE BURDEN OF YOUR DEBTS

Family mental health research highlights the issue

Most people today have some sort of debt. It is necessary and can be beneficial.

But when debt becomes unsustainable it becomes a problem, impacting on health and wellbeing

The sickening feelings of anxiety, depression and guilt caused by problem debt can have a harmful impact on mental health.

According to research by the Mental Health Foundation, one in five adults in Scotland have felt stressed because of debt during the previous year.

The research found that a quarter of adults in Scotland were overburdened with stress because they felt like they didn’t have enough money to meet basic needs.

Lee Knifton, Mental Health Foundation Director for

Scotland and Northern Ireland says “The evidence is very clear that unmanageable debt is a major source of distress for many and may contribute to or arise as a result of mental health problems.”

“Millions of us live with debt – it is a reality of our lives. But we would encourage all banks, building societies and other organisations to factor in the risk to mental health of unmanageable debt for their customers, especially when the cost of servicing debt continues to become higher.”

“Life changes such as losing your job, poor health or relationship breakdowns can lead anyone to struggle to pay bills and debts.”

“There’s a common misconception that people find themselves in debt due to living an excessive lifestyle or going wild with credit and store cards,” Lee added.

“But the truth is, unemployment and redundancy are the most common triggers for debt problems and can happen to anyone.”

While having a problem with debt can make you feel depressed, anxious and even hopeless, facing up to and sharing the problem can help you feel better.

You don’t have to suffer alone – help is available for anyone dealing with problem debt and the anxiety it can cause.

Organisations such as National Debtline, Citizens Advice Scotland, Christians Against Poverty, Shelter and the Samaritans all offer free advice.

Advisers can help you claim benefits, manage your money, prioritise your debts, draw up a financial statement and negotiate with lenders and creditors.

Life changes such as losing your job, poor health or relationship breakdowns can lead anyone to struggle

Lee Knifton, Mental Health Foundation Director

SUPPORT Alan often sees people who are having a crisis