UK Personal Debt
Outstanding personal debt stood at £1.459 trillion at the end of April 2012.
This is up from £1.451 trillion at the end of March 2011.
Individuals owed nearly as much as the entire country produced during the whole of 2011.
Outstanding secured (mortgage) lending stood at £1.252 trillion at the end of April 2012.
This is up from £1.240 trillion at the end of April 2011.
Outstanding unsecured (consumer credit) lending stood at £207 billion at the end of April 2012.
This is down from £210 billion at the end of April 2011.
Average household debt in the UK (excluding mortgages) was £7,880 in April.
This is down from a revised £7,905 in March.
Average household debt in the UK (including mortgages) was £55,483 in April.
This is up from a revised £55,441 in March.
The average amount owed per UK adult (including mortgages) was £29,706 in April. This was around 122% of average earnings.
Average consumer borrowing (including credit cards, motor and retail finance deals, overdrafts and unsecured loans) per UK adult was £4,219 in April.
The estimated average outstanding mortgage for the 11.3m households that carry mortgage debt stood at £111,218 in April.
Based on April 2012 trends, the UK’s total interest repayments on personal debt over a 12 month period would have been £63.0 billion.
This is equivalent to £172 million per day.
This means that UK households would have paid an average of £2,396 in annual interest repayments.
The Office for Budget Responsibility (OBR) predicts that total household debt will reach £2.044 trillion in Q1 2017.
This would mean that average household debt would reach £77,719 (assuming that the number of households in the UK remained the same between now and Q1 2017).
Net lending by UK Banks and Building Societies rose by £1.4 billion in total in April 2012.
Net secured lending rose by £1.1 billion in the month.
Net consumer credit lending rose by £0.3 billion.
UK Banks and Building Societies wrote-off £6.3 billion of loans to individuals over the 4 quarters to Q1 2012.
In Q1 2012 itself they wrote-off £1.28 billion (of which £568 million was credit card debt) amounting to a daily write-off of £14.03m.
Everyday in the UK
Based on the latest available data, Credit Action estimates that every day in the UK:
314 people are declared insolvent or bankrupt every day (based on Q1 2012 trends). This is equivalent to 1 person every 63 seconds during each working day.
1,473 Consumer County Court Judgements (CCJs) are issued every day (based on Q4 2011 trends). The average value of a Consumer CCJ in Q4 2011 was £2,949.
Citizens Advice Bureaux in England and Wales dealt with 8,518 new debt problems every working day during the year ending December 2011.
It costs an average of £28.44 per day to raise a child from birth to the age of 21.
105 properties are repossessed every day (based on Q1 2012 trends).
104 new people a day became unemployed for over 12 months during the year ending March 2012.
1,880 people a day reported they had become redundant between January 2011 and March 2012.
The Government’s Public Sector Net Debt (including financial interventions) will grow by an average of £132,800,000 today, equivalent to £1,537 per second (based on April 2012 data).
The Government pays an estimated £170,960,000 of interest each day on the UK’s Public Sector Net Debt of £2293.9bn (including financial interventions).
182 mortgage possession claims are issued and 141 mortgage possession orders are made every day.
400 landlord possession claims are issued and 277 landlord possession orders are made every day.
The UK population is growing by an estimated 1,342 people a day.
26.9m plastic card purchase transactions were made every day in March 2012 with a total value of £1.325 billion.
8.1m cash withdrawals will be made daily with a total value of £547m (based on Q4 2011 trends).
The average car costs £18.33 per day to run.
It cost £69.20 to fill a 50 litre tank with unleaded petrol in May.