£54,476 was the average household debt (including mortgages) in January
£162 million was the daily amount of interest paid on personal debt in January
7,015 debt problems were dealt with by the CAB each working day over the year to September
1,216 people were made redundant every day between October and December
845,000 people had been unemployed for over a year between October and December
£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)
£1.469 billion was the daily value of all purchases made using plastic cards in December
UK Personal Debt
Outstanding personal debt stood at £1.439 trillion at the end of January 2014. This is up from £1.424 trillion at the end of January 2013.
Outstanding secured (mortgage) lending stood at £1.278 trillion at the end of January 2014. This is up from £1.267 trillion at the end of January 2013.
Outstanding unsecured (consumer credit) lending stood at £160.8 billion at the end of January 2014. This is up from £156.7 billion at the end of January 2013.
Average household debt in the UK (excluding mortgages) was £6,087 in January. This is up from a revised £5,990 in December.
Average household debt in the UK (including mortgages) was £54,476 in January. This is up from a revised £54,331 in December.
The average amount owed per UK adult (including mortgages) was £28,675 in January. This is up from a revised £28,599 in December 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 £3,204 in January. This is up from a revised £3,153 in December.
The estimated average outstanding mortgage for the 11.2m households that carry mortgage debt stood at £114,263 in January.
Based on January 2014 trends, the UK’s total interest repayments on personal debt over a 12 month period would have been £59.3 billion. This is equivalent to £162 million per day. This means that UK households would have paid an average of £2,245 in annual interest repayments.
Total net lending to individuals by UK Banks and Building Societies rose by £2.1 billion in January 2014. Net secured lending rose by £1.4 billion in the month; net consumer credit lending rose by £0.7 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.