Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.


Results: Has being in debt caused you stress and anxiety?


96.26% • 309 votes


3.74% • 12 votes

You may not vote on this poll

321 votes in total.

    • MSE Andrea
    • By MSE Andrea 8th May 15, 11:26 AM
    • 8,042Posts
    • 19,936Thanks
    MSE Andrea
    Debt and Mental Health - How have your debts affected you?
    • #1
    • 8th May 15, 11:26 AM
    Debt and Mental Health - How have your debts affected you? 8th May 15 at 11:26 AM
    Hi everyone,

    As part of Mental Health Awareness Week 2015 next week (11-17 May), we’re supporting Stepchange Debt Charity and the Mental Health Foundation (MHF) in highlighting how debt can play a large part in mental health issues.

    We have a free Mental Health and Debt guide available for anyone to download so if you're struggling please do take a look!

    Has being in debt caused you stress and anxiety?

    We're launching a poll to see how many of you have had mental health issues. We've kept responses private so other forum users won't see who's voted in the poll. If you'd like to reply below and discuss that would be great but don't feel you have to.

    Join the forum to vote in the poll and join the conversation: join.

    Mental Health Awareness Week Twitter Chat Wed 13 May, 11am

    We're hosting a twitter chat with StepChange Debt Charity and the Mental Health Foundation this Wednesday: Twitter Chat
    Last edited by MSE Andrea; 08-05-2015 at 12:08 PM.

    Follow MSE on other Social Media:
    MSE Facebook, MSE Twitter, MSE Deals Facebook, MSE Deals Twitter, Forum Twitter, Instagram, Pinterest
    Join the MSE Forum
    Get the Free MoneySavingExpert Money Tips E-mail
    Report inappropriate posts: click the report button
    Point out a rate/product change
    Flag a news story:
Page 5
    • Huskyrunner
    • By Huskyrunner 19th Nov 16, 6:15 PM
    • 540 Posts
    • 944 Thanks
    Thanks for posting this.

    When all's said and done, it's only money, there is always a solution to be found, no matter how much you owe.

    And there is a lot of help available too, as it can seem overwhelming at times, you always have options !!
    Originally posted by sourcrates
    They are there too help i think blokes have more of a tendancy too bury there head in the sand and bottle things and bottle things until its too late.
    debts 16550
    Mortgage 69500
    • By HEROWHENZERO 8th Dec 16, 9:11 PM
    • 64 Posts
    • 101 Thanks

    This is the most powerful word for me over the last few months, and it's brought me freedom and significantly elevated my mood.

    For years and years, I have denied the fact that I had a problem with gambling, and for years and years I've denied that my finances and life pretty much was out of control.

    I now work the 12-step addiction program, and in doing so I have learnt many things about myself and also gained a lot of tools to aid my daily life through interaction and mainly listening to feelings and experiences from other people who suffer the same illness.

    The BIGGEST tool for me has to me acceptance, by accepting that I am a compulsive gambler, and that I have an illness that can be arrested but not cured, by accepting that my financial position is now very poor, and it's going to take a long time to sort out, with acceptance comes peace and serenity. I no longer have internal battles with myself, I talk about my issues, I open up and share my thoughts and feelings with people. I've stopped living in denial, and once I accepted my position, I was able to constructively do something about it.

    Yes my DMP is currently due to run until 2033, but that's OK, my life is now more manageable, I have the money for the things that I need to get and I don't waste money. Everything is budgeted and YNAB has been absolutely fantastic in helping me turn things around. You can't handbrake turn an Ocean Cruise Ship, but it will turn round eventually, if you steer it in the right direction.

    I'm now 6 months into my Debt Management Plan, I'm still on medication for depression and anxiety, but my life is getting much better. I really hope that once I come of my meds in between Feb and April, things will continue to improve.

    I use the serenity prayer to help me accept things....

    God, grant me the serenity to accept the things I cannot change, the courage to change the things I can, and wisdom to know the difference.

    This helps me to identify the things that stress me out that in fact I can do nothing about in the short term, so I work on accepting them, and things get easier to deal with, my thoughts go from washing machine, to calm sea.

    One day at a time

    Just for today I will not try to solve all my life problems at once. | DFD: April 2033 June 2031
    Original Debt: 96K Mar 2016 | Current Debt:
    88,654.42 Feb 2017
    92228.23 Aug 2016 | 91808.02 Sep 2016 | 91165.17 Oct 2016 | 90,518.02 Nov 2016 89,986.73 Dec 2016
    • Annagillyr
    • By Annagillyr 6th Jan 17, 1:25 AM
    • 1 Posts
    • 4 Thanks
    Desperate times
    This is the first time I have shared my debt story. I am frightened everyday of being found out,
    Since a double transplant operation two years ago I have suffered with anxiety and depression. This manifested through sending money online to medicate feeling of isolation and a sense of mt impending possible demise. I spent money on lots of things, never wanting to be the one to say no, and in making a new, but run down, house comfortable.

    I am about 20,000 in debt. I am with a debt management company but am struggling with repayments and the orospect I will rake 20 years to pay this off.

    They advised an Iva but I had ine before and struggled to get my mortgage. My husband foes not know and I am terrified of him finding out. To the point where I am terrified of dying, not because I'll be dead, but because I will leave him with this.

    I teach full time and tutor to help pay things, but with my health I'm not sure how long I can do this for. Life insurance won't even cover me because of my condition so I am frightened of losing my home.

    I am not sleeping just praying for a miracle.
    • churchgoer
    • By churchgoer 6th Jan 17, 7:49 AM
    • 1 Posts
    • 1 Thanks
    Hi Im so new to all this so sorry guys !
    I have 2 defaults on my credit file,both from the same firm Arrow Globle back in 2013.
    At the time I was unaware of spending because I was in a manick state. It was only a few months after that I was diagnosed with bipolar disorder and sectioned.
    Im alot better now as Im on medication.
    If I send copies of doctors letter etc and send them off with a cover letter explaining would I stand a good chance of getting them removed. I want to try but dont know were to start.
    • Polgara72
    • By Polgara72 10th Jan 17, 11:34 PM
    • 20 Posts
    • 11 Thanks
    Hi. I have moderate/severe recurrent depressive disorder and anxiety. I've had it, to varying degrees for years. In that time I've amassed a huge amount of personal debt and have been on a DMP for 8 years now.
    I've mentioned my MH problems to my creditors in the past, but they've said 'I'm sorry to hear that' and moved on. My spending took place during low periods, to attempt to cheer myself up and during the rather hyper (not manic) periods I get prior to a crash.

    Unfortunately my marriage ended last year and I lost my job due to unsatisfactory attendence. I've not informed Payplan yet. I'm currently on benefits.

    Is it worth me getting one of these forms? I don't really know much about them tbh.
    • By HEROWHENZERO 11th Jan 17, 2:53 PM
    • 64 Posts
    • 101 Thanks
    One of the biggest contributing factors to depression and stress that I found in my situation was hiding the facts from loved ones. Being brave and opening up was the best thing that I could have done, as they now support me rather than carry on with no idea why I was feeling low.
    Just for today I will not try to solve all my life problems at once. | DFD: April 2033 June 2031
    Original Debt: 96K Mar 2016 | Current Debt:
    88,654.42 Feb 2017
    92228.23 Aug 2016 | 91808.02 Sep 2016 | 91165.17 Oct 2016 | 90,518.02 Nov 2016 89,986.73 Dec 2016
    • chachaslide
    • By chachaslide 13th Jan 17, 12:31 PM
    • 11 Posts
    • 7 Thanks
    I have always been bad with money. From the age of 18 I had a credit card and just fell into the mindset that it was almost free money. I do blame the way that I was invariably brought up by my parents as I was never made to wait for anything or save for anything it was always handed to me on a plate, therefore (although I take full responsibility as an adult) I never really knew the true value of money. I got myself out of debt, bought a house the relationship broke down and I got into debt. I seem to spend money like water when I am miserable yet when I am happy I will save and be really careful. I have battled with anxiety with further relationship breakdowns and the pattern is the same. This time, new relationship, living on my own with my 3 children and I am finally in a place where I am accepting full responsibility for my money problems. I manage no matter how much debt I am in and how many bills I have to pay to give my children 5 a week which I MAKE them save. They are allowed it if they want it but they know that once that 5 is gone it is gone. If I take them into a shop with 5 and I say they can have something I don't so much as go one penny over that allowance. It has really made them stop and think about what they are doing with their money and they are only 10, 6 and 4. I cant press enough to anyone with young children just how important I have found this to be.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

5,070Posts Today

11,089Users online

Martin's Twitter
  • Good morning & goodbye. Now my series is over, I'm going to take a week off work & twitter to spend time with Mrs & mini MSE. Ta ta for now

  • RT @JulieGriff4: £2800 paid into my bank thanks to @MartinSLewis advice about packaged accounts. Unexpected and welcome. Great advice ????

  • RT @justwanna: Listened to an hour's worth of @MartinSLewis podcasts. Now have a pathological need to save some money!

  • Follow Martin