Debt Statistics
Today Alone:
- 292 people will be declared insolvent/bankrupt.
- 7,716 loan payments will be unpaid.
- 74 homes will be repossessed.
- £257,000,000 will be paid in interest.
- An extra £309,000,000 will be borrowed.
- £12.42 increase in debt for the average household.
- 2,750 CCJs will be issued.
- £526,000,000 will be withdrawn from cash machines.
- 24,500,000 transactions worth £1,400,000,000 will be spent on cards, such as credit cards, debt cards and store cards.
Further Debt Statistics:
- Secured lending on homes stands at approximately £1,200 billion.
- Total unsecured debt stands at approximately £1,430 billion.
- Average adult owes £30,120 including mortgages.
- Household debt is £57,420 including mortgages.
- Average household debt is £9,216 excluding mortgages.
This increases to £21,433 if the average number of households have a form of unsecured loan - Interest repayments have soared to £93.8 billion in the last 12 months.
Britain’s personal debt is increasing by ~ £1 million every 5 minutes.
(Source: Credit Action)