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There's no need to suffer in silence on #WorldMentalHealthDay.

No need to suffer in silence on World Mental Health Day

It’s easy to think of debt as simply a financial problem, but it’s far more complicated than that.

Not only can mental health problems be a driver for people falling into debt, debt itself can result in people developing mental health issues, causing relationships and families to break up. 

In fact, over half of people who visited Money Advice Service funded debt advice projects had been diagnosed with at least one mental health condition

On top of this, people with mental health problems are more likely to suffer from the consequences of debt. This includes receiving a court summons, being forced onto a prepay energy meter and having telephone services cut off.

So if you have debts and are struggling with a mental health issue, what should you do?

It’s more common than you think

Think you’re the only one suffering with these problems? Trust us, you’re not.

In fact, one in four people will suffer with a mental health problem this year, according to charity Mind, while one in six adults in the UK have money worries. We also see that 52% of people who seek debt advice from our partners reported that they had been diagnosed with a mental health problem.

Don’t suffer in silence

Whether you are struggling with debt, mental illness or a combination of both, the worst thing you can do is bury your head in the sand or try and face your problems alone.

People who live alone are 60% more likely to develop mental health issues and if you’re struggling with debts, you should seek professional help as soon as possible.

Sympathetic advice

Think you’re going to be judged for seeking help? You really won’t.

Debt advisers are not here to criticise you. In fact, they’re used to meeting people who are in similar positions.

They won’t judge you. They’re here to help you manage your money and get your debts under control.

Feel better in the long run

The good news is, facing your money problems head on and getting the advice you need not only helps get your debts under control, it can also help with your mental health.

Financial worries can easily end up being all-consuming but they don’t need to be.  Whilst resolving your money issues won’t sort everything out, it will give you support and help you feel more in control and perhaps the positive benefits will help in many other areas of your life too.

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