Problems with debt
Sometimes people have started work and then it ends suddenly because of mental illness and are left with changes in income that make it more difficult for them to budget and manage their income. Some people living on State Benefits with a low income with no savings have no money to cover one off costs. Many people with severe mental illness do not qualify for free prescriptions and have to find the cost of them.
Often because of mental illness people simply do not claim benefits that they are entitled to. At the extreme end people with mania are known to increase spending when they are ‘high’ and spend money that they do not have.
All these problems give rise to an increasing amount of stress on both the person in debt and those involved in their care. This article gives a few suggestions for dealing with existing debt and trying to ensure that it does not mount up again.
For information about debt and lending, for service users and support workers, please see the Mental Health & Debt
website.
What help can I get?
If you, or someone you know, is getting into debt, seek help as early as possible. There are several services that should be able to offer advice and may help you draw up a debt management plan.
Free debt advice can be obtained from the Citizens Advice, local advice services which can be found in the yellow pages, National Debtline, or advocacy services.
Solicitors, debt agents and credit repair agencies also give advice on debt management but you have to pay for their services. Not all these services will understand the link between mental illness and debt.
If you feel that mental illness has had an influence on you getting into debt, contact Rethink National Advice Service.
What sort of help will I get?
The advisor will look at all the debts you have and decide which are priority and which are non-priority.
Priority debts are those which if unpaid will lead to criminal prosecution or eviction. This includes, but is not necessarily limited to;
- Unpaid fines
- Council tax
- Rent or taxes.
Non-priority debts are all the remaining debts which will not lead to such serious consequences as the priority debts. It is important to note that failure to pay non-priority debts can still lead to a summons in the County Court which may affect your credit rating and reduce your borrowing capacity in the future. They will help you draw up a financial statement that sets out your spending and income, and shows what money is available for repaying debt.
The advisor will try to maximise your income by making sure you are claiming all the benefits you are entitled to and by ensuring you are only being charged for debts which you are responsible for. The advisor will help to devise a repayment plan paying what they feel you can afford to pay, or they will offer you alternative plans.
The advisor may also help you fill in forms, write letters, negotiate with creditors and in some cases attend court hearings or benefits tribunals with you. Most specialist agencies will assist with housing problems relating to rent arrears and housing repossession.
