Thursday 13th of January 2011
More and more people may soon begin seeking the answers to any individual voluntary arrangement questions they may have as a result of them feeling down about their finances at this time of year.
The Consumer Credit Counselling Service (CCCS) has claimed worries over debt will be one of the main contributors to people feeling depressed on January 17th - a date dubbed Blue Monday because individuals tend to feel particularly low on this day.
Moreover, the organisation warned of a rise in mental health issues as a direct result of people becoming overly stressed about their money management.
Delroy Corinaldi, external affairs director at the CCCS, said: "The reasons which turn useful credit into distressing debt are many: loss of income, divorce, separation, ill-health - all too often distressing events in themselves."
The news comes shortly after the CCCS claimed people who are self-employed are less likely to be able to pay off their debts than those who work for somebody else.
By Mark Waterman
- Debt consolidation loans falling, figures show
- Britons 'changing attitudes' towards debt management
- Homeowners 'more concerned with debt management'
- Low interest rate 'contributing to debt management efforts'
- Debt management growing in importance, survey finds
- Rise in unemployment may leave more people in debt
