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UK personal debt facts and figures
As we reach the end of 2011 we take a look at many of the facts and figures* relating to personal debt in the UK today.
Individual and Household Debt
Total UK personal debt - £1,451bn
Average household debt including mortgages - £55,080
Adults in the UK on average owe - £29,539 (including mortgages) and £7,984 (excluding mortgages)
Total interest paid on personal debts in the last 12 months - £63.5bn
The average interest paid per household - £2,441
Debt written off in the last 12 months by UK banks and building societies - £7.6bn
Other Statistics
Number of people being made redundant or insolvent every day - 331
Properties repossessed every day in the 3rd quarter of this year - 101
Number of people per day reporting redundancy - 1611 (July-September)
A property is repossessed every - 14.28 minutes
Individuals unemployed for over 12 months - 868,000
If you're one of the hundreds of thousands of people living in the UK who are struggling with debt problems then Spencer Hayes can help you. Call our helpline today on 0800 028 4422 or complete our enquiry form.
*Statistics originally published by Credit Action
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