Credit Action - The National Money Education Charity

We are the national money education charity dedicated to better thinking about money.

Credit Action is the UK’s financial capability charity, dedicated to helping people stay on top of their money.

Schools & Colleges - Book your free money education workshop for students aged 11-19

Credit Action can provide free of charge presentations and workshops in schools and colleges to help students learn to manage their money. The presentations are offered to schools on a first come, first served basis – so book early to avoid disappointment!

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Latest News

Average household debt on the up as rate of repossessions rises

Posted on 13 May 2013

Today financial capability charity Credit Action releases its Debt Statistics, giving an overview of the financial situation in the UK. The latest figures suggest that debt levels remain stubborn, with some households finding it increasingly difficult to get by.
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Latest News
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Striking numbers

£53,995

was the average household debt (including mortgages) in March

£164m

was the daily amount of interest paid on personal debt in March

8,192

new debt problems were dealt with by the CAB each working day over the year to December

1,501 people

were made redundant every day between December and February

900,000 people

had been unemployed for over a year between December and February

£10.92m

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

every 16 min 26 sec

a property is repossessed

every 5 min 15 sec

someone will be declared insolvent or bankrupt

£1.585 billion

was the daily value of all plastic card purchases made in February

Every month Credit Action compiles a comprehensive study of the state of debt in the UK. Sign up below to receive your copy delivered straight to your inbox.

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Get on top of your money

It’s easy to want to ignore money worries. Watch our video and be inspired by one family taking charge of their finances.
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