(Reuters) – Irresponsible lending and intimidating debt collectors are pushing thousands of people in Britain into depression and suicide. A report by England’s University of Brighton stated that “Debt clients frequently feel humiliated, disconnected and entrapped, with the process of debt collection having a clear impact on people’s mental health.”
The Dark Side of Debt Collection
The global economy has affected millions, but in the UK, the situation has taken a heartbreaking turn. Reports suggest that aggressive debt collection tactics are pushing some people to the edge — even leading to suicide.
In 2011 alone, 4,552 men took their own lives in the UK — a 7.8% increase from the previous year. The study also noted that suicide rates in the US have risen sharply in recent years, though no clear figures were shared.
When Debt Feels Overwhelming
It’s shocking to think someone could end their life over debt. But for anyone who’s experienced financial stress, it’s easy to understand the pressure. Debt can make you feel trapped, ashamed, and hopeless.
I remember ignoring phone calls and unopened letters from collectors because I couldn’t face them. Of course, that’s not the right solution — it only delays the problem and deepens denial.
The Reality of Debt Collection Tactics
While some collection agencies act professionally, many are known for harsh and unethical behavior. A spokesperson from Rapid Recovery Solution, Inc., a US-based agency, once said:
“We believe every debtor has the ability to pay if motivated correctly.”
That phrase — “motivated correctly” — says it all. Having worked in a collection agency in my younger days, I know many companies focus only on recovering money at any cost, without empathy for the person in debt.
What to Do If Collectors Break the Law
If you face harassment or illegal behavior from a collector:
Tell them to stop – Send a written request asking them to stop all communication.
Document their actions – Keep a log of every call or message, including witnesses if possible.
File a complaint – Report violations to the Federal Trade Commission (FTC).
Consider legal action – You can sue and may be awarded up to $1,000 per violation if you win.
Seek Professional Help
If you feel overwhelmed by debt, don’t face it alone. Contact a certified financial counselor or debt management professional. They can help you create a plan, negotiate with creditors, and regain financial control — without risking your well-being.
Final Thought
Debt can be stressful, but your life and peace of mind are worth far more than any balance due. Seek help, set a plan, and remember — no financial problem is worth your life.
