12 May 2017 | Posted In Money advice news

Debt advice provider PayPlan has released survey results during Mental Health Awareness Week 2017 which show that one in six debtors seeking their help experience depression because of debt.

A staggering 82% of PayPlan customers customers suffer from anxiety, 91% from stress and 62% from insomnia as a result of their debt problems, and the majority are isolated with less than one in five feeling able to admit their money problems.

Jane Clack, money adviser at PayPlan, said: “Mental health and money worries do not discriminate, these issues affect people across all demographics, no matter their age, race, class or background. The most important thing to do if you find yourself in this situation is to reach out for help – whether that’s a friend, family member or a debt advice provider.”

Read more here.

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