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NEWS and REPORTS => World News => Topic started by: NewsCaster on Jan 23, 2013, 04:30 AM

Title: Breaking News - Report: Suicides in UK tied to pushy debt collectors
Post by: NewsCaster on Jan 23, 2013, 04:30 AM
By Costas Pitas, ReutersLONDON -- Irresponsible lending and intimidating debt collectors are  pushing thousands of people in Britain into depression and suicide, a report  said Wednesday. Separate data showed more people are taking their own  lives.

Follow @NBCNewsWorld (https://twitter.com/NBCNewsWorld)  Many, already struggling with the economic slowdown, wage  freezes and benefit cuts, were overwhelmed by tactics used by some money  lenders, including persistent phone calls and threatening letters, the report by researchers at England's University of Brighton found.

"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 said.





NBCNews