UK Debt Statistics*
Today in the UK:
- Total UK personal debt stood at £1,454bn (end of November 2010).
- Average household debt in the UK is £16,336, including unsecured loans (excluding mortgages).
- Average household debt in the UK is £57,706 (including mortgages).
- Typical first time buyer deposit was 20% (£29,412) in October.
- 98 Properties were repossessed everday during Q3 2010.
- 346,000 loan accounts in reportable arrears (> 1.5% of current loan balance).
- 839,000 people unemployed for > 12 month.
- £178m personal interest paid daily.
- The average interest paid by each household on their total debt is approximately £2,582 each year.
- Every 3.87 minutes someone will be declared insolvent or bankrupt.
- 1,732 people made redundant daily.
- 1,716 Consumer County Court Judgements (CCJs) issued every day during Q3 2010.
- Average CCJ amount is £3,312.
- An average 279 plastic card purchases were made in the UK every second during Q3 2010.
- More credit cards in the UK than people.
- R3 estimated that almost a third (31%) of personal insolvencies that occurred in March were triggered by overspending during the festive season.
- Santander suggest that 3.6 million Britons are still paying off credit card debts from Christmas 2009,
- The total value of such debt is estimated at £1.1 billion, or £303 each.
*Compiled by Credit Action, for full debt statistics visit www.creditaction.org.uk
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