| Personal debt is a growing problem in the
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| | more likely to incur even more debt.
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| UK, but is an even greater problem for
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| | The department of health and the
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| those that suffer mental illness for a
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| | environment at the Wales Centre for
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| variety of reasons. In many cases it is
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| | Health is conducting research into the
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| the anxiety over the amount of debt they
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| | link between ill health and debt.
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| have that has contributed to the mental
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| | Director Susan Malby said:
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| health issue, but others have got into
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| | "Most of us are in debt of some kind, but
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| debt while already suffering from the
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| | we prefer to call it credit, a much more
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| illness.
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| | socially acceptable way of describing
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| Even now, as would-be lenders become
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| | debt. However, over-indebtedness isn't
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| ultra-cautious about to whom they lend,
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| | linked uniquely with poor debt management
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| credit is still readily available.
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| | or low-income families. Events such as
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| Advertising regularly espouses the "buy
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| | birth of a child, sudden unemployment,
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| now, pay later" culture, into which many
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| | the death of someone close, long-term
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| of us have been drawn. It now appears
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| | illness or disability; all significantly
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| impossible to enjoy an everyday life
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| | increase the chances of falling into
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| without incurring some element of debt
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| | severe debt."
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| along the way, as many struggle to get
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| | The study has found that many who fall
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| onto the housing ladder or afford their
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| | into debt suffer health problems because
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| drastically increased mortgage payments.
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| | they can no longer afford to eat properly
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| But, while most manage to just keep their
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| | or heat their home. That adds to the
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| head above water, financially, many more
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| | anxiety they are already feeling and
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| are drowning in debt, and dealing with
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| | that's when people can slip into the
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| that throws up many emotional problems.
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| | spiral of hopelessness that in-turn leads
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| The classification of 'over-indebtedness'
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| | to lack of self-esteem at best, or can
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| by the Citizens Advice Bureau includes
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| | manifest itself as mental illness in
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| someone who is "unable to pay their
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| | worst case scenarios.
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| current credit repayments and meet their
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| | To prevent that Malby recommends that
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| other commitments without reducing other
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| | anyone in the situation where they need
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| expenditure below normal minimal levels."
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| | help finding appropriate debt solutions,
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| Many of the people who fall into that
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| | should immediately contact the Citizens
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| classification will suffer more readily
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| | Advice Bureau in the first instance, and
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| from depression and ill-health, and that
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| | get back on the road to financial and
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| includes mental illness, as well as being
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| | emotional well-being.
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