Disabled In Debt

Disabled people have lower incomes but often havefinancial situation.While problem debt is often
extra costs associated with their impairment. Thisassociated with over-spending on luxury goods,
situation drives two out of five disabled people to seekLeonard Cheshire said that disabled people are
loans and other forms of credit to meet the demandsborrowing to cover just their cost of living which is
of higher living costs on a below-average income. Theoften much higher than their incomes plus the benefits
result is that many people are being driven intothey might receive.Many disabled people have
'problem debts', which are often loans they are leftadditional costs relating to their impairments for things
unable to repay.The Leonard Cheshire disability charitysuch as electric wheelchairs, stair lifts and other home
is calling on the UK Government and the credit industryadaptations including extra heating costs and personal
to help alleviate the burden of this debt. A survey bycare that is not normally available through the
the charity found that nine out of 10 of people foundNHS.Leonard Cheshire is urging the credit industry and
themselves running out of money on a regular basis.Itthe UK Government to make a number of changes,
also found that more than half did not earn enough toincluding:· Making responsible lending a legal
meet their basic needs and were on incomes of lessrequirement which all lenders must comply with
than £10,000 a year. Many also found it nearly· Showing on the loan statements how long it
impossible to change jobs or careers in order to earnwould take to clear a the lending with the minimum
higher, more appropriate incomes.Almost 40 per centmonthly payment
of those surveyed were dealing with existing debt by· They want talks with the lenders to persuade
taking on more borrowing. However, most also saidlenders to be willing to write off debts when a
that lenders were not very flexible when discussingcustomer becomes registered disabled
repayments and showed little understanding of the· Lenders being prohibited to raise a customer's
way their disability affected their daily lives.Leonardcredit limit unless the customer specifically requests
Cheshire said: "Whilst easy access to credit is part ofit.The charity's survey also found that living with high
the problem, for disabled people a significant amount oflevels of debt often worsened a disabled person's
debt comes from essential purchases...this leavessense of exclusion.The situation is unlikely to change
disabled people particularly vulnerable to spiraling debtwhile so many disabled people already rely on benefits
which they have little prospect of clearing."The disabilityas their main source of income. It also highlights the
charity's report also documented the effect debt wasnecessity for the Government to review the level of
having on people's well-being. It found that most feltbenefits available for the disabled. If they genuinely
that it was having a negative impact on their healthcannot survive on the money being provided, then
and another 12 per cent said that they hadmore money must surely be found.
contemplated suicide because of concerns over their