UK Personal Debt

• Oustanding Personal debt stood at £1.412 trillion at the end of August 2012

• This is up from £1.407 trillion at the end of August 2011. Individuals owed nearly as much as the entire country produced during the whole of 2011.

• Outstanding secured (mortgage) lending stood at £1.256 trillion at the end of August 2012. This is up from £1.242 trillion at the end of August 2011.

• Outstanding unsecured (consumer credit) lending stood at £156 billion at the end of August 2012. This is down from £165 billion at the end of August 2011.

• Average household debt in the UK (excluding mortgages) was £5,949 in August. This is down from a revised £5,971 in July.

• Average household debt in the UK (including mortgages) was £53,706 in August. This is down from a revised £53,736 in July

Every Day in the UK

• 299 people are declared insolvent or bankrupt (based on Q2 2012 trends). This is equivalent to one person every 4 minutes 49 seconds.

• 1,170 consumer county court Judgements (CCJs) are issued every day (based on Q2 2012 trends). The average value of a Consumer CCJ in Q2 2012 was £3,217

• Citizens Advice Bureaux in England and Wales dealt with 8,465 new debt problems every working day during the year ending June 2012.

• It costs an average of £28.44 per day to raise a child from birth to the age of 21.

• 93 Properties are repossessed every day (based on Q2 2012 trends).

• 145 new people a day became unemployed for over 12 months during the year ending July 2012.

Information taken from:

http://www.creditaction.org.uk/helpful-resources/debt-statistics.html?utmsource=Credit+Action&utmcampaign=d52d5739b3-StatsOct2012&utmmedium=email