Some personal debt statistics for July

Posted on 13 August, 2009 at 9:20 by Harrington Brooks

Below are some of the statistics compiled by CreditAction for the UK – July 2009.

Statistics for today alone:

Average household debt is down to £0.77; January’s average household debt was £11.11
331 people will wake up to a new financial status: bankruptcy.
The average consumer saves £2.96
The last 3 months of 2008 saw 2,324 new Consumer County Court Judgments (CCJs)
The Government pays £106m towards the UK’s net debt of £775bn.
Retailers and financial institutions decline 33,600 credit applications.
Citizen advice bureaus deal with 7,423 new debt problems.
305 landlords will make possession orders and county courts will deal with 397 landlord possession claims.
It will cost motorists £16.80 to run their vehicles.
The total value of today’s number of card purchase transactions is £1.03bn.

Further Debt Statistics:

The total amount of UK personal debt at the end of May 2009 is £1,459bn.
The average UK household debt – excluding mortgages – is £9,305. But households with unsecured loans have a higher average – £21,640.
Households with mortgages have an average debt of £58,360.
The average UK adult owes £30,480. This figure includes mortgages.
The 11.1m households with mortgages owe their banks an average of £110,480.
The last 12 months had a decline in consumer credit lending to individuals, currently at £233bn, which is down 2.3%.
The average UK adult owes £4,860 on various types of credit, such as cards, motor and retail finance deals, overdrafts and unsecured personal loans.
In May 2009, Britons created £1 million more debt every 77 minutes. In January, Britons created £1 million more debt every 5.3 minutes.
The last 12 months had £66.2bn worth of interest repayments on personal debt. Each household’s share being £2,650 a year.

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