Debt data

Research data released by charity Credit Action provides stark reading.

In their monthly report for February, the following facts were highlighted:

  • 9,300 new debt problems are dealt with by CAB each day
  • £57,937 is the average UK household debt
  • £181m personal interest is paid in UK daily
  • every 11.2 minutes a property is repossessed
  • 1,995 people are made redundant every day
  • 1000 people seek some form of formal debt rescheduling plan every day
  • £4,316 a second increase in Government national debt

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