Debt & stress in the downturn

December 1st, 2009 Leave a comment Go to comments

Nearly 7 million people in the UK are dealing with an unmanageable level of debt and `enormous financial pressure`, says a new survey – and in some cases, financial problems are leading to physical health issues.

According to Experian`s CreditExpert and physiotherapist Sammy Margo, there is a correlation between the increase in stress caused by high levels of debt and the rise in stress-related injuries.

The findings indicate there are 6.8 million people in the UK who believe that their level of debt is `unmanageable` and that they are under `enormous financial pressure`. On top of this, 9.7 million more people believe they`ve reached the limit of what they can cope with, in terms of debt.

And since last year, apparently, there has been a 25% increase in stress-related injuries, such as shoulder and arm twinges, pins and needles or lower back-ache.

“We have seen more people suffering from stress-related issues during the downturn and concerns around the personal finances are frequently mentioned by clients as a source of worry and stress,” said Sammy Margo.

“The stress of dealing with debt problems can have a serious impact on people`s lives,” said a spokesperson for Debt Advisers Direct.

“It`s one more reason why it`s so important for people with debt problems to get some debt help – it won`t mean their debts will disappear overnight, but knowing they`re taking action to address their debt problems can make a big difference to their quality of life.”



Debt Advisers Direct offer free debt advice and a range of debt solutions, including debt management plans, debt consolidation loans and IVAs (Individual Voluntary Arrangements).

Similar Posts:

Share
Categories: Debt Consolidation Tags: Debt, Debt Stress
  1. No comments yet.
  1. No trackbacks yet.