ask:ted further facts

Total UK Debt

• Total consumer credit lending to individuals in July was £214billion. This has increased 5.3% in the last year.
• Total lending in July grew by over £10billion. Secured lending grew by £9.2billion in that one month. Consumer credit lending grew by over £1billion.
• Average household debt in the UK is £8,856 (excluding mortgages) and £56,000 including mortgages.
• Average amount owed by every individual UK adult is £28,550 (including mortgages).
• Average outstanding debt for the 11.7million households who currently have mortgages is £96,560.
• Average interest paid by each household on their total debt is approximately £3,700 each year (around 9% of take home pay).
• Average consumer borrowing via credit cards, motor and retail finance deals, overdrafts and unsecured personal loans has risen to £4,515 per UK adult at the end of July 2007
• 8.2m British adults are in serious debt and 2.1m are struggling with repayments.
• 18% of British adults have £10k or more of unsecured debt – a rise of 30% on last year.

Today in the UK

• Consumers will borrow an additional £322m
• The average household debt will increase by over £13
• 317 people will be declared insolvent or bankrupt
• Bank and building societies will hand out £1bn in mortgages
• Citizen Advice Bureaux will deal with 5,300 debt problems
• The average car will cost £15 to run
• The average home will cost £30 to run
• Raising your child will cost £23.50*
• The price of a typical house will increase by £44
• 24.5m transactions will be made on plastic cards
• £1.3bn will be spent on plastic cards
• One third of all groceries we buy will end up in the dustbin

• Read further statistics about debt on the Credit Action website.