This report explores the relationship between debt and mental health. It includes a survey of the experiences of debt among 1,804 people living with mental distress or using mental health services. The survey focused on their use of credit and loans over the preceding 12 months, and the impact of debt problems on health and quality of life. It also considered the respondents’ experiences – good and bad – of contact with banks, lenders and creditors, and their perception of the support available to those living with debt and mental health problems. In addition, qualitative data were gathered during a series of eight focus groups that were held across England and Wales in January and February 2008 involving 56 people with experience of debt and mental health problems. These facilitated discussions covered the same areas as the survey.