£54,197 was the average household debt (including mortgages) in November
£163 million was the daily amount of interest paid on personal debt in November
1,315 people were made redundant every day between August and October
866,000 people had been unemployed for over a year between August and October
Every 18 min 15 sec a property is repossessed (based on Q3 2013 trends)
£11.0 million of loans are written-off daily by UK Banks and Building Societies (based on Q3 2013 trends)
£1.479 billion was the daily value of all purchases made using plastic cards in October
Every 5 min 3 sec someone is declared insolvent or bankrupt (based on Q3 2013 trends)
7,015 debt problems were dealt with by the CAB each working day over the year to September
UK Personal Debt
Outstanding personal debt stood at £1.432 trillion at the end of November 2013. This is up from £1.420 trillion at the end of November 2012.
Outstanding secured (mortgage) lending stood at £1.273 trillion at the end of November 2013.This is up from £1.265 trillion at the end of November 2012.
Outstanding unsecured (consumer credit) lending stood at £158.9 billion at the end of November 2013. This is up from £156.0 billion at the end of November 2012.
Average household debt in the UK (excluding mortgages) was £6,016 in November. This is up from a revised £6,005 in October.
Average household debt in the UK (including mortgages) was £54,197 in November. This is up from a revised £54,128 in October.
The average amount owed per UK adult (including mortgages) was £28,528 in November. This is up from a revised £28,491 in October 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 £3,167 in November. This is up from a revised £3,161 in October.
The estimated average outstanding mortgage for the 11.2m households that carry mortgage debt stood at £113,549 in November.
Based on November 2013 trends, the UK’s total interest repayments on personal debt over a 12 month period would have been £59.4 billion. This is equivalent to £163 million per day. This means that UK households would have paid an average of £2,251 in annual interest repayments.
Total net lending to individuals by UK Banks and Building Societies rose by £1.5 billion in November 2013. Net secured lending rose by £0.9 billion in the month; net consumer credit lending rose by £0.6 billion.
UK Banks and Building Societies wrote-off £3.63 billion of loans to individuals over the four quarters to Q3 2013. In Q3 2013 itself they wrote-off £1,008 million (of which £397 million was credit card debt) amounting to a daily write-off of £11.0 million.
Everyday in the UK
Citizens Advice Bureaux in England and Wales dealt with 7,015 new debt problems every working day during the year ending September 2013.