Debt Statistics - Feb 2010
The total estimated UK personal debt at the end of December 2009 stood at £1,460bn. The twelve-month growth rate was 0.7%.

Average household debt in the UK is ~ £9,000 (excluding mortgages). This figure increases to £18,722 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 ~ £57,937 (including mortgages). 

The average amount owed by every UK adult is ~ £30,252 (including mortgages). This is 129% of average earnings.

The average outstanding mortgage for the 11.1m households who currently have mortgages now stands at £111,132.

Britain's interest repayments on personal debt were £66.0bn in the last 12months. The average interest paid by each household on their total debt is approximately £2,620 each year. According to PwC the average household will need to spend approximately 15% of net income purely to service the interest payments arising from this debt.

Average consumer borrowing via credit cards, motor and retail finance deals, overdrafts and unsecured personal loans has risen to £4,692 per average UK adult at the end of December 2009.

Today in the UK
386 people today will be declared insolvent or bankrupt. This is equivalent to 1 person every 3.72 minutes 1,000 people are seeking some form of formal debt rescheduling every working day. 2,000 Consumer County Court Judgements (CCJs) were issued every day in the first 3 months of 2009 Unemployment increased by 1,400 people every day during 12 months to end November 2009. 1,995 people reported they had become redundant every day during 3 months to end November 2009. 267 mortgage possession claims will be issued and 188 mortgage possession orders will be made today 368 landlord possession claims will be issued and 253 landlord possession orders will be made today. 21.9m plastic card purchase transactions will be made today with a total value of £1.05bn. Citizen Advice Bureaus dealt with 9,300 new debt problems every day in England and Wales

Statistical Sources - Unless otherwise indicated statistics in the “Total UK personal debt” section are calculated by Credit Action - primarily using the Bank of England's debt figures.