Credit Action. Better thinking about money
In debt? Need help now?
Sign up to our newsletter
 
Send this pagePrint this page

Debt Statistics

Subscribe to Debt Statistics using RSS

Subscribe to Credit Action debt statistics by email


Debt Facts and Figures - Compiled 1st May 2008

 

Total UK personal debt

 

Total UK personal debt at the end of March 2008 stood at £1,430bn. The growth rate increased to 8.7% for the previous 12 months which equates to an increase of ~ £113bn.

Total secured lending on homes at the end of March 2008 stood at £1,200bn. This has increased 9.1% in the last 12 months.

Total consumer credit lending to individuals in March 2008 was £230bn. This has increased 6.7% in the last 12 months.

Total lending in March 2008 grew by £8.2bn. Secured lending grew by £6.9bn in the month. Consumer credit lending grew by £1.2bn.

Average household debt in the UK is ~ £9,216 (excluding mortgages). This figure increases to £21,433 if the average is based on the number of households who actually have some form of unsecured loan.

Average household debt in the UK is ~ £57,420 (including mortgages).

Average owed by every UK adult is ~ £30,120 (including mortgages).

Average outstanding mortgage for the 11.8m households who currently have mortgages now stands at ~ £101,530.

Two fifths of mortgagors have secured debts of over £90,000, up from one fifth in 2004.

Britain's interest repayments have soared to £93.8bn in the last 12months. The average interest paid by each household on their total debt is approximately £3,765 each year which has increased £340 in the last 12 months.

Compiled monthly by Richard Talbot

Note: new / changed statistics are at the start of each section. Extracts of these debt statistics and figures may be reproduced subject to the following conditions:

  • No commercial or financial gain is made from the reproduction.
  • Acknowledgement of Credit Action as the provider of the information is mentioned in the reproduction.

Where the above criteria cannot be realised, application should be made to Credit Action.

Subscribe to Debt Statistics using RSS

 

2008


2007


2006


2005