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Keith E Rice's Integrated SocioPsychology Blog & Pages

Aligning, integrating and applying the behavioural sciences

Lewis’

Credit Card Suicides??

For an hour or so on the morning of Thursday 11 March it was one of the lead stories on the news broadcasts. Then, understandably, the unfolding horror of the Madrid train explosions wiped it off the news as surely as the bombers wiped out some 200 commuters. Yet the story of Stephen Lewis stayed with me. A 37-year-old family man, with a reasonable job and a salary of £22,000 (not unreasonable; around the national average), had killed himself in July 2003 after running up over £65,000 in credit card debt. With his window, Susan, still being harrassed by the credit card companies seeking to recover their money, she and MP John Mann were working the broadcast studios and newspaper offices that fateful morning of 11 March to draw attention to the human cost of Britain’s credit card boom. Stephen Lewis, it appears, in his desperation, had been running up debts on some of his credit cards to effect demanded minimum payments on others. As a short-term strategy, that was sustainable as long as Lewis could support it by taking on new credit cards. At the time of his death he had a staggering 19 cards! Yet obviously the overall debt… Read More