Debt and mental health
In September 2005, the Money Advice Liaison Group (MALG) set up a working party to investigate the issues raised by the increasing incidence of debt problems and mental health conditions and the way in which these can have a reciprocal impact on money advice clients, The working party was later expanded to include three mental health organisations.
As a result, the MALG Debt & Mental Health Good Practice Awareness Guidelines were published in November 2007 with a second edition coming out in the Autumn of 2009.
In August 2008 the Debt & Mental Health Evidence Form (DMHEF), an integral part of the Guidelines, was launched following further work undertaken between MALG, the Royal College of Psychiatrists and The Capital Partnership. This evidence form can be used by healthcare professionals, money advisers and creditors to evaluate debtor circumstances more effectively and arrive at informed decisions where mental health issues arise.