Outstanding personal debt stood at £1.435 trillion at the end of December 2013. This is up from £1.424 trillion at the end of December 2012.
Outstanding secured (mortgage) lending stood at £1.277 trillion at the end of December 2013. This is up from £1.267 trillion at the end of December 2012.
Outstanding unsecured (consumer credit) lending stood at £158.1 billion at the end of December 2013. This is up from £156.9 billion at the end of December 2012.
Average household debt in the UK (excluding mortgages) was £5,989 in December. This is down from a revised £6,009 in November.
Average household debt in the UK (including mortgages) was £54,332 in December. This is up from a revised £54,287 in November.
The average amount owed per UK adult (including mortgages) was £28,599 in December. This is up from a revised £28,576 in November 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 £3,152 in December. This is down from a revised £3,163 in November.
The estimated average outstanding mortgage for the 11.2m households that carry mortgage debt stood at £113,932 in December.
Based on December 2013 trends, the UK’s total interest repayments on personal debt over a 12 month period would have been £59.1 billion. This is equivalent to £162 million per day. This means that UK households would have paid an average of £2,239 in annual interest repayments.
Total net lending to individuals by UK Banks and Building Societies rose by £2.3 billion in December 2013. Net secured lending rose by £1.7 billion in the month; net consumer credit lending rose by £0.6 billion.
UK Banks and Building Societies wrote-off £3.63 billion of loans to individuals over the four quarters to Q3 2013.
In Q3 2013 itself they wrote-off £1,008 million (of which £397 million was credit card debt) amounting to a daily write-off of £11.0 million.
Everyday in the UK
1,655 Consumer County Court Judgements (CCJs) are issued every day (based on Q3 2013 trends). The average value of a Consumer CCJ in Q3 2013 was £2,383.