Posted: Fri Jan 27, 2006 3:35 pm
Total UK personal debt: At the end of November 2005 the total UK personal debt was £1,148bn. The growth rate remains strong at 10.2% for the previous 12 months which equates to an increase of ~ £100bn.
Total secured lending on homes in November 2005 was £956.3bn. This has increased 10.3% in the last 12 months.
Total consumer credit lending to individuals in November 2005 was £192.1bn. This has increased 9.8% in the last 12 months.
Total lending in November 2005 grew by £9.6bn. Secured lending grew by £8.7bn in the month and consumer credit lending grew by £0.9bn in the month.
Average household debt in the UK is approximately £7,776 (excluding mortgages) and £46,491 including mortgages.
Average owed by every UK adult is approximately £24,636 (including mortgages). This grew by £205 last month.
Average consumer borrowing via credit cards, motor and retail finance deals, overdrafts and unsecured personal loans has risen to £4,121 per average UK adult at the end of November 2005. This figure translates into a 10% increase on the previous year's levels and a 45% increase since 2000.
Britain's personal debt is increasing by ~ £1 million every four minutes.
For more information please look at:
http://www.creditaction.org.uk/debtstats.htm
I work for a different debt advisor but i keep an eye on the whole market to keep up to date.
If you are in serious debt (over £20,000) please give me a call on 0208 896 3146 and i will advise you on the best course of action. this is free of charge.
Total secured lending on homes in November 2005 was £956.3bn. This has increased 10.3% in the last 12 months.
Total consumer credit lending to individuals in November 2005 was £192.1bn. This has increased 9.8% in the last 12 months.
Total lending in November 2005 grew by £9.6bn. Secured lending grew by £8.7bn in the month and consumer credit lending grew by £0.9bn in the month.
Average household debt in the UK is approximately £7,776 (excluding mortgages) and £46,491 including mortgages.
Average owed by every UK adult is approximately £24,636 (including mortgages). This grew by £205 last month.
Average consumer borrowing via credit cards, motor and retail finance deals, overdrafts and unsecured personal loans has risen to £4,121 per average UK adult at the end of November 2005. This figure translates into a 10% increase on the previous year's levels and a 45% increase since 2000.
Britain's personal debt is increasing by ~ £1 million every four minutes.
For more information please look at:
http://www.creditaction.org.uk/debtstats.htm
I work for a different debt advisor but i keep an eye on the whole market to keep up to date.
If you are in serious debt (over £20,000) please give me a call on 0208 896 3146 and i will advise you on the best course of action. this is free of charge.