Can You Get Debt Written Off Due to Mental Health Illness?
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Table of Contents
- Debt & Mental Health - How Does Debt Affect Mental Health? Jump
- Can you Ask for Debt to be Written off due to Mental Illness? Jump
- Writing Off Debt Using Insolvency Jump
- What Happens After a Loan is Written Off Jump
- Get Help Jump
- Frequently Asked Questions About Mental Health and Debt Jump
Are you worried about your debts because of mental health issues like ADHD? You have come to the right place.
Each month, over 170,000 people visit our website seeking advice on debt problems, so you are not alone.
In this article, we’ll help you understand:
- How debt can affect your mental health
- Why there is a link between ADHD and debt
- How to ask for your debt to be written off due to mental illness
- What to do after your loan is written off
- Where to find more help
We know that dealing with debts can be hard, especially when you are not feeling well – many of us have faced the same worries.
But we’re here to help you understand your options and learn more about how you can manage your debts when you are dealing with mental health illnesses. Let’s dive in.
Debt & Mental Health – How Does Debt Affect Mental Health?
The Link Between Debt and Depression
The Link Between ADHD and Debt
Can you Ask for Debt to be Written off due to Mental Illness?
Convincing Creditors to Write Off Debt
Under the Financial Conduct Authority (FCA) guidelines, lenders are required to treat people with mental illness fairly. Creditors should also consider writing off a debt if you’re unable to pay because of your illness.
Notice of Correction
Debt and Mental Health Evidence Form (DMHEF Form)
Be sure to ask your creditors to write off your debt if you feel your mental health condition is causing you not to pay. You should do this in writing and send some medical evidence of your condition. Some creditors may be willing to forgive your debt if you’re mentally ill.
Writing Off Debt Using Insolvency
Debt Relief Orders
Individual Voluntary Arrangement
What Happens After a Loan is Written Off
Getting advice can help you feel less anxious and stressed. That’s how you get control of your life.