Can debt cause Stress, anxiety and depression?

Can dealing with debt cause an individual in Scotland to be stressed out? Can that lead to further issues such as anxiety & depression? Are individuals in Scotland who are dealing with debt on route to mental health issues?

Here at we help many individuals in Scotland through a piece of government legislation called a Scottish Protected Trust Deed. This is a very common solution in Scotland as the pros often outweigh the cons such as writing off large amounts of the debts, allowing an individual to pay off what they can afford for four years and be debt free, protect an individuals home & car & stop legal action from a creditor such as arrestment of earnings (wage arrestments).

However for many individuals in Scotland it isn’t that easy to think there is a solutions out there or any light at the end of the tunnel as we witness first hand that debt can cause people to do things they have never have before, relationships break up & losing employment due to what is going on in that individuals background.

Even the NHS has a page on their website dedicated to dealing with stress, anxiety & depression –

The following article is taking from the;

“Coping with money worries

It’s normal to feel worried, anxious or down when times are hard. Job insecurity, redundancy, debt and financial problems can all cause emotional distress.
But there are lots of things you can do to help yourself if you’re in a difficult situation.
David Richards, professor of mental health services research at the University of Exeter, explains how financial problems can affect your mental wellbeing. He also offers lifestyle tips to help you out of a slump and advice on when to seek medical help.

How financial problems affect mental health

When you’ve been made redundant or you’re struggling with debt, feeling low or anxious is a normal response.
Losing your job can affect your self-esteem and financial circumstances, which in turn can trigger emotional distress. Fear of redundancy can also lead to worry, which is a very common human emotion.
You may be feeling, behaving or thinking in ways that are unfamiliar. But this doesn’t necessarily mean you’re suffering from depression or an anxiety disorder.

How can you feel more positive?

Professor Richards’ top tips for coping with feeling low and anxious are: “Be more active, face your fears, and don’t drink too much alcohol.”
Being more active means not withdrawing from life. Keep seeing your friends. Keep your CV up-to-date. Don’t ignore the bills – try to keep paying them. If you have more time because you’re not at work, take up some form of exercise, as it can improve your mood if you’re feeling low. See Get fit for free for ideas on how to exercise without spending any money. You can also search for exercise classes and sports clubs close to where you live.

Facing your fears means not avoiding things you find difficult. For example, if it looks like you’re going into debt, get advice on how to prioritise your debts. When people feel anxious, they sometimes avoid talking to others. Some people can lose their confidence about driving or travelling. If this starts to happen, facing up to these situations will generally make them easier.
For some people, alcohol can become a problem. You may drink more than usual as a way of dealing with or hiding your emotions, or just to fill time. But alcohol won’t help you deal with your problems and could add to your stress. Get tips on how to cut down on alcohol.
Why routine is important

If you don’t have to go to work in the morning, you can get into a poor sleep routine, lying in bed until late or watching TV all day. Get up at your normal time and stick to your routine.
If you lose your routine, it can also affect your eating. You may stop cooking, eat snacks instead of having proper meals, or miss breakfast because you’re still in bed.
For tips on healthy eating, see Food and diet.

When should you get medical help?

Most people who experience emotional distress will pick themselves up after a few days or weeks and then feel able to tackle challenges such as finding a new job.

But for a small number of people, the feelings of anxiety and low mood don’t go away, and these feelings interfere with the way they live their life.

If you’re still feeling worried, anxious or low after a few weeks, see your GP. You may find that talking to a professional therapist could help. Your GP can advise you on talking therapy services in your area.

Search for counselling services near you.

Seek help immediately if…

If you start feeling like you really can’t cope, life is becoming very difficult or isn’t worth living, get help straight away. These are dangerous signals that mean you need to talk to someone.

As above, either see your GP or contact helplines such as Samaritans(08457 90 90 90) for confidential, non-judgemental emotional support.

If you’ve had depression or anxiety before, even if it wasn’t formally diagnosed, seek help immediately. You’re more likely to have an episode of depression if you’ve had one before.”

If this article has effected you or someone around you please get in touch & someone will talk you through the help that is available & we do not charge set up or management fees!