Mis-sold Mortgage Claims > Mortgage News
Mortgage Fraud, Debt and Depression Linked
Tue, 15 Nov 2011
Statistics highlight that the global economic crisis has been partially created by mis-sold mortgages to those who are unable to afford the repayments.

Then banks packaged up such loans and commenced with selling them to each other, so, panic spread as bankers started to realise that many such packages may be practically worthless.

Some of the problem debtors are struggling with mental health concerns, which make the financial worth of such packages highly questionable.

The Royal College of Psychiatrists (RCP) states: "Debt may be a cause and a consequence of mental health problems."

There is a potential correlation between debt and mental health issues.

There is a link between two, yet it is unclear which one precedes the other.

A mental health issue nowadays is considered nearly synonymous with a debt problem in the UK.
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