Total UK personal debt

Total UK personal debt at the end of October 2007 stood at £1,391bn. The growth rate increased to 9.7% for the previous 12 months which equates to an increase of £122bn.

Total secured lending on homes at the end of October 2007 stood at £1,169bn. This has increased 10.5% in the last 12 months. 

Total consumer credit lending to individuals in October 2007 was £222bn. This has increased 5.8% in the last 12 months.

Total lending in October 2007 grew by £8.8bn. Secured lending grew by £7.3bn in the month. Consumer credit lending grew by £1.4bn.

Average household debt in the UK is £8,920 (excluding mortgages). This figure increases to £20,741 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 £55,877 (including mortgages).

Average owed by every UK adult is £29,311 (including mortgages). This grew by £250 last month.

Average outstanding mortgage for the 11.8m households who currently have mortgages is £99,090.

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

Average interest paid by each household on their total debt is approximately £3,744 each year (this equates to ~ 9% of take home pay).

Average consumer borrowing via credit cards, motor and retail finance deals, overdrafts and unsecured personal loans has risen to £4,678 per average UK adult at the end of October 2007.

Total UK personal debt

Total UK personal debt at the end of September 2007 stood at £1,380bn. The growth rate increased to 10.0% for the previous 12 months which equates to an increase of  £120bn.

Total secured lending on homes at the end of September 2007 stood at £1,163bn. This has increased 10.9% in the last 12 months.

Total consumer credit lending to individuals in September 2007 was £217bn. This has increased 5.8% in the last 12 months.

Total lending in September 2007 grew by £11.2bn. Secured lending grew by £9.8bn in the month. Consumer credit lending grew by £1.4bn.

Average household debt in the UK is £8,681 (excluding mortgages). This figure increases to £20,189 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 £55,403 (including mortgages).

Average owed by every UK adult is £29,063 (including mortgages). This grew by £350 last month.

Average outstanding mortgage for the 11.8m households who currently have mortgages is £98,517

Average interest paid by each household on their total debt is approximately £3,718 each year (this equates to 9% of take home pay).

Average consumer borrowing via credit cards, motor and retail finance deals, overdrafts and unsecured personal loans has risen to £4,554 per average UK adult at the end of September 2007.

Total UK personal debt

Total UK personal debt at the end of August 2007 stood at £1,363bn. The growth rate increased to 9.9% for the previous 12 months which equates to an increase of £115bn.

Total secured lending on homes at the end of August 2007 stood at £1,148bn. This has increased 10.8% in the last 12 months.

Total consumer credit lending to individuals in August 2007 was £215bn. This has increased 5.5% in the last 12 months.

Total lending in August 2007 grew by £9.5bn. Secured lending grew by £8.5bn in the month. Consumer credit lending grew by £1.0bn.

Average household debt in the UK is £8,873 (excluding mortgages). This figure increases to £20,635 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 £56,309 (including mortgages).

Average owed by every UK adult is £28,707 (including mortgages). This grew by £160 last month.

Average outstanding mortgage for the 11.8m households who currently have mortgages is £97,209

Average interest paid by each household on their total debt is approximately £3,725 each year (this equates to 9% of take home pay).

Average consumer borrowing via credit cards, motor and retail finance deals, overdrafts and unsecured personal loans has risen to £4,524 per average UK adult at the end of August 2007.

Britain's personal debt is increasing by £1 million every 4 minutes. 

Today in the UK:

• Consumers will borrow an additional £315m today
• The average household debt will increase by over £13 today
• 77 properties will be repossessed today
• 317 people today will be declared insolvent or bankrupt
• 2,750 County Court Judgements (CCJs) issued
• Bank and building societies will hand out £1bn in mortgages today
• Citizen Advice Bureaus will deal with 6,600 debt problems today
• The average car will cost £15 to run today
• More than 7,716 loan repayments are going unpaid every day
• The average home will cost £30 today to run
• Raising a child to the age of 21 will now set you back £23.50 daily
• The price of a typical house will increase by £42 today
• £500m will be withdrawn from cash machines today by 7.5m people across the UK
• 24.5m transactions worth £1.4bn will be spent on plastic cards today
• 1/3rd of all groceries we buy today will end up in the dustbin. 

Servicing Debt

New figures show that debt enquiries to Citizens Advice Bureaux in England and Wales have hit a record high, increasing by 20% in the last year and bringing the total to 1.7 million in 2006/07. The number of debt problems brought to bureaux has doubled in the last 10 years.