Credit Action - UK Debt Statistics
UK Debt Statistics
February 2013


UK Personal Debt
  • Outstanding personal debt stood at £1.422 trillion at the end of December 2012.

  • This is up from £1.406 trillion at the end of December 2011. At the end of December 2012, individuals owed nearly as much as the entire country produced during the whole of 2011.

  • Outstanding secured (mortgage) lending stood at £1.265 trillion at the end of December 2012. This is up from £1.245 trillion at the end of December 2011.

  • Outstanding unsecured (consumer credit) lending stood at £157 billion at the end of December 2012. This is down from £160 billion at the end of December 2011.

  • Average household debt in the UK (excluding mortgages) was £5,946 in December. This is up from a revised £5,914 in November.

  • Average household debt in the UK (including mortgages) was £53,947 in December. This is up from a revised £53,885 in November.

Every Day in the UK
  • 277 people are declared insolvent or bankrupt every day (based on Q4 2012 trends). This is equivalent to one person every 5 minutes 12 seconds.
  • 1,556 Consumer County Court Judgements (CCJs) are issued every day (based on Q3 2012 trends). The average value of a Consumer CCJ in Q3 2012 was £2,646.
  • Citizens Advice Bureaux in England and Wales dealt with 8,308 new debt problems every working day during the year ending September 2012.
  • It costs an average of £29.02 per day to raise a child from birth to the age of 21.
  • 90 properties are repossessed every day (based on Q3 2012 trends).
  • 90 new people a day became unemployed for over 12 months during the year ending November 2012.
Striking Numbers

£53,947
was the average household debt (including mortgages) in December

£165m was the daily amount of interest paid on personal debt in December

8,308
new debt problems were dealt with by the CAB each working day over the year to September

1,727 people
people were made redundant every day between September and November

892,000
people had been unemployed for over a year between September and November

£11.38m
of  loans  are   written-­off  daily  by  UK   Banks  and  Building  Societies

every 16 min 4 sec a property is repossessed

every 5 min 12 sec someone will be declared insolvent or bankrupt

£1.389 billion
was the daily value of all purchases made using plastic cards in November

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