It comes as new research from the Money and Mental Health Policy Institute has found that 1.5million people in England are currently struggling with both problem debt and mental health problems at the same time.
in October to remind anyone facing a tough time, grappling with mental illness or feeling like there's nowhere left to turn, that thereHe was diagnosed with type 2 bipolar last year but he first start experiencing mental health problems seven years ago.At the time he was stressed at work and trying to get extra support for his son who has learning difficulties.Paul then became obsessed with spending - whether it was holidays for the family, clothes for work or books and collectables.
It can be tempting to ignore the envelopes landing on the doormat but resist the urge to bury your head in the sand. Write down a list of all of your debts, the outstanding balances, the interest charged, and repayment dates for each.Take time to sort out how much money you owe and how much you having coming in. If you have several debts, you need to make sure you’re dealing with the most important ones first, such as your rent or mortgage payments, gas and electricity bills, or council tax.
"Financial institutions have a very big responsibility in all of this – they make it far too easy, especially online.