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Debt and Mental Health

Over the last 10 years, recognising the increasing incidence of debt problems and mental health conditions and the way in which these can have a reciprocal impact, MALG has set up The MALG Mental Health Working Party to investigate the issues and undertake important work in this area.

The result of the Working Party’s efforts has been the MALG Good Practice Awareness Guidelines for Helping Consumers with Mental Health Conditions & Debt launched in March 2015. This is the 3rd edition of this document, first published in November 2007 with a second edition published in 2009. MALG is a non-policy making body and the Guidelines could not be imposed on either the advice or creditor sectors. However, the document has been acknowledged by the FCA in their Consumer Credit Sourcebook and approved by the Information Commissioner’s Office and the Financial Ombudsman Service. This document has also been included in a number of creditor trade body Codes of Practice.

Debt_mIn November 2012 the latest version of the Debt & Mental Health Evidence Form (DMHEF -see links below), an integral part of the Guidelines, was launched.  The form was developed by MALG and Chris Fitch at the Royal College of Psychiatrists, and the use of the form is currently overseen by MALG.   The DMHEF can be used by healthcare professionals, debt advisers and creditors to more effectively evaluate debtor circumstances and arrive at informed decisions.

The Debt & Mental Health Evidence Form is available and can be viewed and downloaded by clicking on the links below. A number of other important mental health and debt documents can be found under Other Useful Documents, 

The Debt & Mental Health Evidence Form Version 3 for CREDITORS

The Debt & Mental Health Evidence Form Version 3 for ADVISERS (Case Work)

The Debt & Mental Health Evidence Form Version 3 for ADVISERS (Assisted Self-help)

Other useful documents