Would you like a UK debt specialist from Finance Inc to call you by telephone
and provide instant debt advice for FREE
Click Here

Total UK personal debt

Total UK personal debt has exceeded £1 ¼ trillion and at the end of November 2006 it stood at £1,278bn. The growth rate increased to 10.4% for the previous 12 months which equates to an increase of £111bn.

Total Secured Lending

Total secured lending on homes has exceeded £1 trillion (£1,000 billion) and at the end of November 2006 it stood at £1065.9bn. This has increased 11.4% in the last 12 months.

Total Consumer Credit Lending

Total consumer credit lending to individuals in November 2006 was £212.1bn. This has increased 6.2% in the last 12 months.

Total lending in November Total lending in November 2006 grew by £10.9bn. Secured lending grew by £9.8bn in the month. Consumer credit lending grew by £1.0bn.

Average household Debt Average household debt in the UK is ~ £8,765 (excluding mortgages) and £52,811 including mortgages.

Average owed by every UK adult Average owed by every UK adult is ~ £27,180 (including mortgages). This grew by £210 last month.

Average Interest paid by each household Average interest paid by each household on their total debt is approximately £3,327 each year.

Credit Card Borrowing Average consumer borrowing via credit cards, motor and retail finance deals, overdrafts and unsecured personal loans has risen to £4,511 per average UK adult at the end of November 2006.

How fast is Britains personal debt increasing Britain's personal debt is increasing by £1 million every four minutes.

Compiled by CreditAction

For a complete debt management solution, visit www.finance-inc.co.uk

For IVA (Individual Voluntary Arrangement) visit www.1va.co.uk