Debt Management, Debt Consolidation - for help with your debt problems talk to one of our friendly debt advisors today...

UK Debt Statistics*

November 2008

Today in the UK:

  • £1m every 8 min - growth in UK debt in 2008
  • Average household debt in the UK is £22,190 (excluding mortgages)
  • Average household debt in the UK is £59,175 (including mortgages)
  • Average owed by every UK adult is £30,440 (including mortgages)
  • Consumers will borrow an additional £207m today
  • Consumers will pay £263m in interest today
  • The average household debt will increase by over £8.50 today
  • Unemployment increased by 1,802 people every day during the last 3 months.
  • 121 properties will be repossessed today.
  • 275 people today will be declared insolvent or bankrupt. (KPMG estimate this will increase to 301 people a day by the end of 2008 which is equivalent to 1 person being declared insolvent or bankrupt every 4.8 mins.)
  • 2,370 Consumer County Court Judgements (CCJs) issued
  • 27.4m plastic card transactions will be made today with a total value of £1.56bn.
  • Approximately 18,000 credit card applications are being rejected every day.
  • 4,000 fixed rate mortgages will come to an end today.
  • The average car will cost £15.42 to run today

*Compiled by Credit Action

 

Debt-Simple Debt Solutions

Debt Management
IVA
Bankruptcy
Secured Loan & Remortgage

 

For free advice on the best debt solution for you contact us

 

QUICK ENQUIRY





verification code
Enter security code:
By submitting this form you agree to our privacy policy

Office of Fair Trading
Consumer Credit Licence Number - 595572

Information Commissioners Office
Data Protection Number - Z9785048

Skip navigation and go straight to main contentJump to Main Content | Accessibility | Site Map