Mental Health and Scams

Being a victim of financial fraud is upsetting for everyone, but it can be especially damaging for people who already have mental health problems. Researchers have found that scam victims who have mental health problems are less likely to get their money back in full and twice as likely to have money problems like not being able to pay their bills or needing to borrow money.

This difference is extremely worrying , and it shows how important it is to get professional help to get back lost funds. At Sarah Waddington Solicitors, we want to help people who have been scammed, especially those who have mental health problems, get their money back. We make sure that every victim gets the justice they deserve by giving them expert legal advice and caring support.

What it’s like for people who are vulnerable.

People with mental health problems are more likely to be scammed, and it can be harder for them to get their money back. That’s because of a few things:

1. Trouble with the claims process

Reporting fraud, talking to the bank, and following up on reimbursement claims can be a lot to handle, especially for people who have anxiety, sadness, or cognitive problems.

2. Lower success rates for reimbursement

Banks are less likely to help fraud victims with mental health problems because they may not be able to provide clear evidence or explain their case well.

3. More financial stress

The effects of a fraud can be very bad for people who are already struggling financially. According to a recent study, these people are twice as likely to have trouble with money, which makes it even more important that they get their money back quickly.

At Sarah Waddington Solicitors, we know that victims who are dealing with mental health issues need more than just legal help. They also need support and aid from people who understand and care about them. Our team is here to make sure you get all the money you’re owed while also taking into account the extra problems that mental health problems can cause.

What Sarah Waddington Solicitors can do to help

We have experience in helping vulnerable clients to make getting their money back as easy as possible. We can help you in these ways:

1. An expert case review

If you have been a victim of scam, we will carefully look over your case to advice what you should do next. We will take the time to learn about your mental health problems and how they might have made it harder for you to avoid theft or deal with the fallout afterward. This helps us make a good case for getting full payment back.

2. Ruling Out Unfair Bank Decisions

A lot of the time, banks and other financial institutions make the victim prove that they were not at fault. It can be hard for people who are vulnerable to do this. We will speak up for you, fighting any unfair denials of reimbursement and making sure that your bank considers your mental health when making choices.

3. Talking about getting full payment

Our lawyers will talk to your bank directly to get the best result possible. As part of the Contingent repayment Model (CRM) Code , which many UK banks have signed, they will fight for full repayment. The CRM Code is meant to protect people who have been scammed, but it takes skilful negotiating and legal knowledge to make sure that vulnerable people are not wrongly punished.

4. Help During the Whole Process

We know that the stress of a fraud case can be too much for some people, especially those who already have mental health problems. That’s why we offer caring, patient help throughout the whole process and make sure you know what’s going on at all times without using too much legal jargon .

5. Help with Other Financial Support

If your fraud case has put a huge dent in your finances, we can help you find support groups, get advice on how to handle your debt . Not only do we want to get back the money you lost, but we also want to help you get your finances back on track after the fraud.

Why victims who are vulnerable should be given extra care

Fraudsters often go after vulnerable people because they know it will be hard for them to spot the scam or protect themselves. People who have mental health problems like anxiety, sadness, or cognitive impairments may find it harder to avoid fraud or act quickly when it does happen.

As per the CRM Code, banks need to think about vulnerability when they look into scam claims. However, many banks don’t take the victims’ mental health seriously enough, which can lead to unfair results. At Sarah Waddington Solicitors, we are experts at making banks follow this code, which makes sure that people who are weak are treated fairly.

Stopping Fraud in the Future

Our team can not only help you get your money back, but they can also give you tips on how to avoid being scammed in the future. This includes giving you advice on how to spot common scams, setting up financial protections, and working with your bank to put in place fraud-prevention measures that are right for you.

Get Help Today from Sarah Waddington Solicitors

If you have been a victim of scams and are having trouble with money or your emotions, don’t keep it to yourself. At Sarah Waddington Solicitors, we are here to help you get the money you are owed by giving you both skilled legal advice and caring support.

We will fight for you, especially if you’re having trouble with your mental health, which has made the process harder. Our goal is to make sure that all fraud victims get justice, and we will do everything we can to make that happen.

Get in Touch

Get in touch with us right away for a consultation . Sarah Waddington Solicitors can help you through the process, whether you need help for yourself or a loved one. We can make things easier for you and help you get your money back.

Sarah Waddington Solicitors; Financial Claim Specialists

Our experienced team of solicitors specialises in navigating the complexities of financial claim. We strongly encourage you to get in touch with us at Sarah Waddington Solicitors. Our experienced team of solicitors specialises in navigating the complexities of financial rights and finance law.

By taking proactive steps now, you can position yourself to explore potential compensation claims and benefit from the positive developments in the industry.

Your satisfaction and success in dispute resolutions are of utmost importance to us. Sarah Waddington Solicitors remains committed to providing professional, reliable, and effective legal services.

To initiate a consultation or discuss your situation further, please contact us via our Online Chat or at info@sarahwaddingtons.com or 01924 601096. Our dedicated team is ready to assist you on the path to fair compensation and resolution.

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