Total UK personal debt

March 19, 2010

Total UK personal debt at the end of January 2010 stood at £1,463bn. Total lending in January 2010 rose by £2.0bn; secured lending increased by £1.5bn in the month; consumer credit lending increased by £0.5bn
Total secured lending on dwellings at the end of January 2010 stood at £1,237bn. Total consumer credit lending to individuals at the end of January 2010 was £225bn.
The average household debt in the UK is ~ £8,939 (excluding mortgages). This figure increases to £18,623 if the average is based on the number of households who actually have some form of unsecured loan.
Average household debt in the UK is ~ £58,040 (including mortgages). The average amount owed by every UK adult is ~ £30,306 (including mortgages). This is 129% of average earnings.

Britain’s interest repayments on personal debt were £68.3bn in the last 12months. The average interest paid by each household on their total debt is approximately £2,710 each year.
Average consumer borrowing via credit cards, motor and retail finance deals, overdrafts and unsecured personal loans has risen to £4,667 per average UK adult at the end of January 2010.

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