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.

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.

Author: Philip Challinor
Posted on: 4th December 2018