We have been producing our must read summary of the debt situation in the UK since 2005. The latest UK debt statistics from the Money Charity can be found. And you can find the archive here.

Debt Statistics April 2014

£54,472 was the average household debt (including mortgages) in February

£162 million was the daily amount of interest paid on personal debt in February

7,015 debt problems were dealt with by the CAB each working day over the year to September

1,282 people were made redundant every day between November and January

845,000 people had been unemployed for over a year between November and January

£10.6 million of loans are written-off daily by UK Banks and Building Societies (based on Q4 2013 trends)

Every 18 min 11 sec a property is repossessed (based on Q4 2013 trends)

Every 5 min 25 sec someone is declared insolvent or bankrupt (based on Q4 2013 trends)

£1.498 billion was the daily value of all purchases made using plastic cards in January

UK Personal Debt

Outstanding personal debt stood at £1.439 trillion at the end of February 2014. This is up from £1.424 trillion at the end of February 2013.

Outstanding secured (mortgage) lending stood at £1.280 trillion at the end of February 2014. This is up from £1.268 trillion at the end of February 2013.

Outstanding unsecured (consumer credit) lending stood at £159.0 billion at the end of February 2014. This is up from £156.5 billion at the end of February 2013.

Average household debt in the UK (excluding mortgages) was £6,018 in February. This is up from a revised £6,015 in January.

Average household debt in the UK (including mortgages) was £54,472 in February. This is up from a revised £54,408 in January.

The average amount owed per UK adult (including mortgages) was £28,673 in February. This is up from a revised £28,639 in January and was around 115% of average earnings.

Average consumer borrowing (including credit cards, motor and retail finance deals, overdrafts and unsecured loans) per UK adult was £3,168 in February. This is up from a revised £3,166 in January.

The estimated average outstanding mortgage for the 11.2m households that carry mortgage debt stood at £114,416 in February.

Based on February 2014 trends, the UK’s total interest repayments on personal debt over a 12 month period would have been £59.2 billion. This is equivalent to £162 million per day. This means that UK households would have paid an average of £2,242 in annual interest repayments.

The Office for Budget Responsibility (OBR) predicted in March 2014 that total household debt will reach £2.251 trillion in Q1 2019. This would mean that average household debt would reach £85,220 (assuming that the number of households in the UK remained the same between now and Q1 2019).

Total net lending to individuals by UK Banks and Building Societies rose by £2.3 billion in February 2014. Net secured lending rose by £1.7 billion in the month; net consumer credit lending rose by £0.6 billion.

UK Banks and Building Societies wrote-off £3.61 billion of loans to individuals over the four quarters to Q4 2013. In Q4 2013 itself they wrote-off £971 million (of which £560 million was credit card debt) amounting to a daily write-off of £10.6 million.

Everyday in the UK

266 people are declared insolvent or bankrupt every day (based on Q4 2013 trends). This is equivalent to one person every 5 minutes 25 seconds.

1,537 Consumer County Court Judgements (CCJs) are issued every day (based on Q4 2013 trends). The average value of a Consumer CCJ in Q4 2013 was £2,531.
Citizens Advice Bureaux in England and Wales dealt with 7,015 new debt problems every working day during the year ending September 2013.

It costs an average of £29.65 per day to raise a child from birth to the age of 21.

79 properties are repossessed every day (based on Q4 2013 trends).
The number of people unemployed for over 12 months during the year ending January 2014 fell by 162 per day.
1,282 people a day reported they had become redundant between November to January 2013.
Public Sector Net Borrowing (excluding financial interventions) was £9,311 million in February 2014, meaning that the Government borrowed an average of £333 million per day during the month (equivalent to £3,849 per second).
133 mortgage possession claims are issued and 103 mortgage possession orders are made every day.
483 landlord possession claims are issued and 354 landlord possession orders are made every day.
The UK population grew by 1,123 people a day between 2001 and 2011.
30.8 million plastic card purchase transactions were made every day in January 2014 with a total value of £1.498 billion.
8.49 million cash machine transactions were made every day in February with a total value of £340 million.
A new car in the £13,000 – £18,000 price bracket travelling 10,000 miles per year costs £16.23 per day to run.
It cost £64.73 to fill a 50 litre tank with unleaded petrol in March.