Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

 
Loan charges: Strong link found between debt and depression

There is a clear link between debt and depression and anxiety, according to research by a leading charity.

StepChange, a debt charity, has revealed that 60 per cent of people it has spoken to about financial hardship were identified as suffering severe depression or anxiety.

The charity said that during 2012 it received around 5,000 calls per month to its debt counselling service, with the research compiled using a counselling tool to determine if those calling had depression or anxiety.

Almost two-thirds had severe depression or anxiety, a further 27 per cent had a moderate form and 13 per cent illustrated signs of a mild form of the conditions.

"These figures emphasise the link between debt and mental health problems," the charity's director of external affairs, Delroy Corinaldi, told the Guardian.

"Combined together, these issues can have a debilitating effect on people's lives."

Debt has long been known to have an impact on emotional well-being, with these figures illustrating that the two often go hand in hand.

Amir Hussain

Amir specialises in personal loans, consumer debt and debt management.ADNFCR-2776-ID-801586766-ADNFCR



Bookmark and Share
Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Town
County
Post Code 
Email 
Circumstances
Claim Back Mis-Sold PPI Button

Belmont Thornton Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities; our registration is recorded on the website www.gov.uk/moj/cmr number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit B16, Kestrel Court, Harbour Road, Portishead, Bristol, BS20 7AN and registered office at Harwood House, 43 Harwood Road, London, SW6 4QP.

Belmont Thornton Limited is registered with the Information Commissioners Office. Registration number Z1728023.

Please note that calls may be monitored for the purposes of staff training.

* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.

By using our web-site, you agree that we can place the types of cookies described in our privacy policy on your device.Hide