National Campaign from the Money and Mental Health Policy Institute
New research from the Money and Mental Health Policy Institute shows that each year over 100,000 people in problem debt attempt to take their own lives in England.
There are normally a wide range of issues that contribute to someone feeling suicidal. But one factor which can make people feel like there’s no way out is the letters they receive from lenders.
These are often intimidating, written in complex language and can feature threats of court action right at the top. Receiving these letters from multiple lenders on a daily basis can leave people feeling unable to see a solution to their situation. Worst of all, it is destroying lives.
The Money and Mental Health Policy Institute is calling on the Government to change the out-of-date rules which dictate the content of lenders’ letters. Instead, they want new guidelines to make them easier to understand, less threatening and more supportive. Not only will that help people climb out of problem debt, it will save lives.
Find out more on Money and Mental Health Policy Institute.