Tuesday 11 December 2012

The debt we’re in

Each month, Credit Action publishes debt statistics for the UK and the latest figures are just out.

Headline statistics:
  • £53,912 was the average household debt (including mortgages) in October.
  • £166m was the daily amount of interest paid on personal debt in October.
  • 8,465 new debt problems were dealt with by the Citizens Advice Bureau each working day over the year to June.
  • 1,399 people people were made redundant every day between July and September.
  • 894,000 people had been unemployed for over a year between July and September.
  • £11.38m of loans are written-­off daily by UK banks and building societies.
  • Every 16 minutes 4 seconds, a property is repossessed.
  • Every 4 minutes 42 seconds, someone will be declared insolvent or bankrupt.
  • £1.362 billion was the daily value of all purchases made using plastic cards in September.

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