• Welcome to Global Gulag Media Forum. Please login or sign up.

Aggressive debt collectors raise risk of suicide

Started by David Icke Bot, Dec 04, 2018, 04:12:22 AM

Previous topic - Next topic

0 Members and 1 Guest are viewing this topic.

David Icke Bot


Aggressive debt collectors raise risk of suicide

'More than 100,000 people a year in England who are mired in heavy debt try to end their lives, new research has revealed.

Intimidating and threatening letters sent by debt collectors, bailiffs and councils raise the risk of suicide by adding to people's feelings of despair, the study found. The findings have prompted calls from mental health experts for an urgent overhaul of the tactics banks, utility companies, credit card companies and others use to pursue people struggling to repay money they owe. Spam_A Spam_B One in 14 adults is in problem debt, meaning they have fallen very behind on paying bills or credit agreements or have been cut off by a gas, electric or water supplier in the past year. They are three times more likely than the general population to have thought about ending their life, according to research undertaken by the National Centre for Social Research (NatCen), Britain's largest independent social research body.

NatCen analysed detailed NHS data about adults' mental health undertaken for the Money and Mental Health Policy Institute. It found that 13% of people in problem debt – about 420,000 a year – think about suicide and 4% of them – more than 100,000 people – try to end their life.

Martin Lewis, the personal finance expert who set up and chairs the institute, said letters to debtors, who can receive several a day, are so ruinous to mental health that they are pushing people to consider suicide. He urged ministers to amend the Consumer Credit Act 1974, which obliges those seeking to recover debts to use an array of formal language, which many find terrifying.'

Read More : Aggressive debt collectors raise risk of suicide


Last Edit by Gladstone