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Effects of debt all too clear

by Kevin Rose
20 October 2009
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LatestNews

Suffolk BS returns to 90% LTV market

Precise Mortgages launches cashback and refunded valuations

Bluestone Mortgages appoints national account manager

Free debt help website talkaboutdebt.co.uk says its research indicates that 27% of people in serious debt believe it has affected the quality of their work.
For one in five the stress of dealing with their debt problems is so extreme that they are unable to return to work. Meanwhile 15% admit to needing sick days to sort out their debt problems.
Other side-effects revealed by those in serious debt include at least half of people feeling they can’t concentrate (55%) when at work and making silly mistakes (29%) because of the extent of their debt stress. For those who have been unable to return to work, the impact is even more significant as lack of income makes it even harder to get out of debt, and the cycle continues. Almost two thirds (61%) also say they are not sleeping because of their worries.
Jessica Bown of Talkaboutdebt.co.uk said: “This research shows that for those in serious debt

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  • MORTGAGES
    • Mortgage type
      • Discount mortgages
      • Fixed rates
      • Fee-free
      • Interest-only
      • Offset
      • Remortgages
      • Trackers
      • Variable rates
    • Conveyancing
    • First time buyers
    • Green Mortgages
    • Help to Buy
    • New build
    • Overseas
    • Regulation
    • Self build
    • Shared ownership
  • BRIDGING
  • BTL
    • Consumer BTL
    • HMO/MUFB
    • Holiday Let
    • Limited Company BTL
  • COMMERCIAL
    • Asset finance
    • Auction finance
    • Commercial mortgages
    • Development finance
    • Invoice finance
    • SME finance
  • DISTRIBUTION
  • G.I.
  • LATER LIFE
    • Equity release
      • Lifetime mortages
      • Drawdown
    • Pensions
    • Retirement borrowing
  • LOANS
  • PROTECTION
    • Critical illness
    • Income protection
    • Group protection
    • Life cover
    • PMI

© 2022 Bedazzled Media Limited.
Company Number 11335497. Registered Office: Unit 1, E.M.P. Building, 4 Solent Road, Havant, Hampshire PO9 1JH

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