Debt Statistics
Striking Numbers
£38.06m
daily write-offs of loans by banks & building societies1,666 people
made redundant daily
796,000
unemployed for > 12 month
9,000
Number of new debt problems dealt with by CAB each day£57,789
average household debt£183m
personal interest paid in UK dailyevery 14 minutes
a property is repossessed
every 3.78 minutes
someone will be declared insolvent or bankrupt£351,500,000
daily increase in Government national debt (PSDN)
Total UK personal debt
The Office for Budget Responsibility (OBR) predicts that household debt will be £1,823bn by end 2015 which is a growth of £159m a day. This would take the average household debt to £72,341 per household.
UK banks and building societies wrote off £10.9bn of loans to individuals in the last 12 months to end Q2 2010. In Q2 2010 they wrote off £3.47bn (£2.14bn of that was credit card debt). This amounts to a write-off of £38.06m a day.
Total UK personal debt at the end of July 2010 stood at £1,456bn. The twelve-month growth remained at 0.8%. Individuals owe more than what the whole country produces in a year.
Total lending in July 2010 rose by £0.3bn; secured lending increased by £0.1bn in the month; consumer credit lending rose by £0.2bn (total lending in Jan 2008 grew by £8.4bn).
Total secured lending on dwellings at the end of July 2010 stood at £1,239bn. The twelve-month growth rate rose slightly to 1.0%.
Total consumer credit lending to individuals at the end of July 2010 was £217bn. The annual growth rate of consumer credit rose by 0.2% to 0.2%.
Average household debt in the UK is ~ £8,628 (excluding mortgages).
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2010
2009
December 2009
November 2009
9,300 Number of new debt problems dealt with by CAB each day | £58,340 average household debt (including mortgages) | £182m amount of interest paid in the UK daily | every 11.5 minutes a property is repossessed | 2,553 people made redundant every day | 1 person every 3.97 minutes declared bankrupt or insolvent | £4,110 a seconds increase in Government national debt
October 2009
9,300 Number of new debt problems dealt with by CAB each day | £58,290 average household debt (including mortgages) | £181m amount of interest paid in the UK daily | every 11.5 minutes a property is repossessed | 2,696 people made redundant every day | 1 person every 3.97 minutes declared bankrupt or insolvent | £5,454 a seconds increase in Government national debt
September 2009
1 in 33 people in work estimated to become unemployed in 2009 | £58,280 average household debt | £181m amount of interest paid in the UK daily | every 11.5 minutes a property is repossessed | 3,063 people made redundant every day | 1 person every 3.97 minutes declared bankrupt or insolvent | £5,505 a seconds increase in Government national debt
August 2009
1 in 33 people in work estimated to become unemployed in 2009 | £58,320 average household debt | £182m amount of interest paid in the UK daily | every 10 minutes a property is repossessed | 3,300 people made redundant every day | 1 person every 4.35 minutes declared bankrupt or insolvent | £5,000 a seconds increase in Government national debt
July 2009
1 in 33 people in work estimated to become unemployed in 2009 | £58,360 average household debt | £181m amount of interest paid in the UK daily | every 10 minutes a property is repossessed | 3,310 people made redundant every day | 1 person every 4.35 minutes declared bankrupt or insolvent | £106m interest daily amount the Government pays of our national debt
June 2009
1 in 33 people in work estimated to become unemployed in 2009 | £58,370 average household debt | £182m amount of interest paid in the UK daily | every 10 minutes a property is repossessed | 3,178 people made redundant every day | 1 person every 4.35 minutes declared bankrupt or insolvent | £103m interest daily amount the Government pays of our national debt
May 2009
1 in 33 people in work estimated to become unemployed in 2009 | £58,350 average household debt | £189m amount of interest paid in the UK daily | every 10 minutes a property is repossessed | 3,000 people made redundant every day | 1 person every 4.5 minutes declared bankrupt or insolvent | £84m interest daily amount the Government pays of our national debt
April 2009
1 in 33 people in work estimated to become unemployed in 2009 | £59,765 average household debt | £199m amount of interest paid in the UK daily | every 10 minutes a property is repossessed | 2,915 people made redundant every day | 1 person every 4.5 minutes declared bankrupt or insolvent | £91m daily amount the Government pays of our national debt
March 2009
1 in 33 people in work estimated to become unemployed in 2009 | £59,730 average household debt | £209m amount of interest paid in the UK daily | every 10 minutes a property is repossessed | 2,831 people made redundant every day | 1 person every 4.5 minutes declared bankrupt or insolvent | £91m daily amount the Government pays of our national debt
February 2009
£135m daily increase in UK debt | £59,702 average household debt | £224m amount of interest paid in the UK daily | every 10 minutes a property is reposessed | 2,466 people made redundant every day | 1 person every 4.8 minutes declared bankrupt or insolvent | £102 average daily decrease in house prices since December 2007
January 2009
£154m daily increase in UK debt | £59,670 average household debt | £252m amount of interest paid in the UK daily | 124 properties repossessed daily | 1,490 people unemployed every day | 1 person every 4.8 minutes declared bankrupt or insolvent | £100 average daily decrease in house prices since December 2007
2008
December 2008
£1m every 9 min growth in UK debt | £175m daily increase in UK debt | £59,630 average household debt | £262m amount of interest paid in the UK daily | 124 properties repossessed daily | 1,522 people unemployed every day | 1 person evey 4.8 minutes declaued bankrupt or insolvent | £95 average daily decrease in house prices in 2008
November 2008
£1m every 8 min growth in UK debt | £207m daily increase in UK debt | £59,715 average household debt | £263m amount of interest paid in the UK daily | 121 properties repossessed daily | 1 person every 5 minutes declared bankrupt or insolvent | £91 average daily decrease in house prices in 2008
October 2008
£1m every 8.5 min growth in UK debt | £228m daily increase in UK debt | £59,350 average household debt | £262m amount of interest paid in the UK daily | 104 properties repossessed daily | 1 person every 5 minutes declared bankrupt or insolvent | £94 average daily decrease in house prices in 2008
September 2008
£1m every 7.3 min growth in UK debt | £254m daily increase in UK debt | £59,375 average household debt | £260m amount of interest paid in the UK daily | 104 properties repossessed daily | 1 person every 5 minutes declared bankrupt or insolvent | £93 average daily decrease in house prices in 2008
August 2008
£1m every 5 min growth in UK debt | £293m daily increase in UK debt | £57,950 average household debt | £258m amount of interest paid in the UK daily | 123 properties repossessed daily | 1 person every 4 minutes declared bankrupt or insolvent | £56 average daily decrease in house prices in 2008
July 2008
£1m every 5 min growth in UK debt | £293m daily increase in UK debt | £57,950 average household debt | £258m amount of interest paid in the UK daily | 123 properties repossessed daily | £1,430bn total UK debt | 1 person every 4 minutes declared bankrupt or insolvent
June 2008
£1m every 5 min growth in UK debt | £302m daily increase in UK debt | £57,683 average household debt | £258m amount of interest paid in the UK daily | 123 properties repossessed daily | 1 person every 4 minutes declared bankrupt or insolvent | £56 average daily decrease in house prices in 2008
May 2008
£1m every 5 min growth in UK debt | £309m daily increase in UK debt | £57,420 average household debt | £257m amount of interest paid in the UK daily | £1,430bn total UK debt | 292 number of people who will be declared bankrupt or insolvent today
April 2008
£1m every 5 min growth in UK debt | £304m daily increase in UK debt | £57,050 average household debt | £259m amount of interest paid in the UK daily | £1,421bn total UK debt | 292 number of people who will be declared bankrupt or insolvent today
March 2008
£1m every 5 min growth in UK debt | £310m daily increase in UK debt | £56,708 average household debt | £257m amount of interest paid in the UK daily | £1,412bn total UK debt | 292 number of people who will be declared bankrupt or insolvent today
February 2008
£1m every 5 min growth in UK debt | £327m daily increase in UK debt | £56,588 average household debt | £259m amount of interest paid in the UK daily | £1,409bn total UK debt
January 2008
£1m every 5 min growth in UK debt | £330m daily increase in UK debt | £56,234 average household debt | £94.5bn amount of interest we pay each year | £1,400bn total UK debt
2007
December 2007
November 2007
October 2007
September 2007
August 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
2006
December 2006
November 2006
October 2006
September 2006
August 2006
June 2006
May 2006
April 2006
March 2006
February 2006
January 2006
2005
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