Intimidating debt collectors push Britons to suicide: report

Tue Jan 22, 2013 7:02pm EST
 
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By Costas Pitas

LONDON (Reuters) - Irresponsible lending and intimidating debt collectors are pushing thousands of people in Britain into depression and suicide, a report said on Wednesday and separate data showed more people are taking their own lives.

Many people already struggling with the economic slowdown, wage freezes and benefit cuts were often overwhelmed by tactics used by some money lenders, including persistent phone calls and threatening letters, said the paper.

"Debt clients frequently feel humiliated, disconnected and entrapped, with the process of debt collection having a clear impact on people's mental health," the report by researchers from England's University of Brighton said.

"The government must take urgent action to tackle the problem of irresponsible lending and intimidatory collection tactics which has left thousands of people trapped in a spiral of debt and at risk of depression and even suicide," it said.

Separately, figures from the Office for National Statistics (ONS) released on Tuesday showed a "significant" rise in suicides in 2012.

The Brighton report, launched on Wednesday by British parliamentarian Molly Meacher, said there were cases of individuals not eating properly and asking their young children for money to tide them over.

One individual who owed money described the effect of his wife's credit card lapsing.

"I was very close to calling the doctor to her because she is that close to breaking because of ... these continual phone calls," the man was quoted as saying.   Continued...