UK Debt Statistics – September 2013

  • Outstanding personal debt stood at £1.426 trillion at the end of July 2013. This is up from £1.421 trillion at the end of July 2012.
  • Outstanding secured (mortgage) lending stood at £1.268 trillion at the end of July 2013. This is up from £1.264 trillion at the end of July 2012.
  • Outstanding unsecured (consumer credit) lending stood at £158.3 billion at the end of July 2013. This is up from £157.3 billion at the end of July 2012.
  • Average household debt in the UK (excluding mortgages) was £6,005 in July. This is up from a revised £5,931 in June.
  • Average household debt in the UK (including mortgages) was £54,110 in July. This is up from a revised £54,014 in June.
  • The average amount owed per UK adult (including mortgages) was £28,614 in July. This is up from a revised £28,563 in June and was around 116% of average earnings.
  • Average consumer borrowing (including credit cards, motor and retail finance deals, overdrafts and unsecured loans) per UK adult was £3,176 in July. This is up from a revised £3,136 in June.
  • The estimated average outstanding mortgage for the 11.3m households that carry mortgage debt stood at £112,604 in July.
  • Based on July 2013 trends, the UK’s total interest repayments on personal debt over a 12 month period would have been £59.9 billion. This is equivalent to £164 million per day. This means that UK households would have paid an average of £2,272 in annual interest repayments.
  • The Office for Budget Responsibility (OBR) predicted in March 2013 that total household debt will reach £1.931 trillion in Q1 2018. This would mean that average household debt would reach £73,284 (assuming that the number of households in the UK remained the same between now and Q1 2018).
  • Total net lending to individuals by UK Banks and Building Societies rose by £1.3 billion in July 2013. Net secured lending rose by £0.7 billion in the month; net consumer credit lending rose by £0.6 billion.
  • UK Banks and Building Societies wrote-off £3.67 billion of loans to individuals over the four quarters to Q2 2013. In Q2 2013 itself they wrote-off £694 million (of which £371 million was credit card debt) amounting to a daily write-off of £7.61m.

Every Day in the UK

  • 282 people are declared insolvent or bankrupt every day (based on Q2 2013 trends). This is equivalent to one person every 5 minutes 7 seconds.
  • 1,317 Consumer County Court Judgements (CCJs) are issued every day (based on Q2 2013 trends). The average value of a Consumer CCJ in Q2 2013 was £2,766.
  • Citizens Advice Bureaux in England and Wales dealt with 7,824 new debt problems every working day during the year ending March 2013.
  • It costs an average of £29.02 per day to raise a child from birth to the age of 21.
  • 84 properties are repossessed every day (based on Q2 2013 trends).
  • An additional 77 people a day became unemployed for over 12 months during the year ending June 2013.
  • 1,348 people a day reported they had become redundant between April and June 2013.
  • Public Sector Net Borrowing (excluding financial interventions) was £62 million in July 2013, meaning that the Government borrowed an average of £2m per day during the month (equivalent to £23 per second).
  • 141 mortgage possession claims are issued and 113 mortgage possession orders are made every day
  • 431 landlord possession claims are issued and 319 landlord possession orders are made every day.
  • The UK population grew by 1,123 people a day between 2001 and 2011.
  • 29.3m plastic card purchase transactions were made every day in June 2013 with a total value of £1.432 billion.
  • 8.93m cash machine transactions were made every day in July with a total value of £360m.
  • A new car in £13,000 – £18,000 bracket travelling 10,000 miles per year costs £16.23 per day to run.

 
Published by creditaction.org.uk

  • It cost £68.75 to fill a 50 litre tank with unleaded petrol in July

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