Mentally ill people pay higher bills – and banks are partly to blame | Emily Reynolds

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Bad debt and mental health problems can be a vicious circle. Only by forcing banks to provide more help can this be addressed, says author Emily Reynolds

Money management is not easy at the best of times. Choosing the right deal, setting up standing orders, checking you’re not over or underpaying, switching providers – the whole thing can be overwhelming. This is doubly true for those with mental health problems – and a new report from Citizens Advice has exposed just how difficult it can be. It found that when poor mental health reduces someone’s ability to carry out daily activities, it can end up costing them £1,110 to £1,550 a year.

 

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