Debt Facts and Figures - Compiled 1st March 2008

Total UK personal debt at the end of January 2008 stood at £1,412bn. The growth rate increased to 9.1% for the previous 12 months which equates to an increase of ~ £113bn.

Total secured lending on homes at the end of January 2008 stood at £1,187bn. This has increased 9.7% in the last 12 months.

Total consumer credit lending to individuals in January 2008 was £225bn. This has increased 5.9% in the last 12 months.

Total lending in January 2008 grew by £8.4bn. Secured lending grew by £7.4bn in the month. Consumer credit lending grew by £0.9bn.

Average household debt in the UK is £9,052 (excluding mortgages). This figure increases to £21,051 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 £56,708 (including mortgages).
Average owed by every UK adult is £29,747 (including mortgages).
Average outstanding mortgage for the 11.8m households who currently have mortgages now stands at £100,485.
Two fifths of mortgagors have secured debts of over £90,000, up from one fifth in 2004.

Britain's interest repayments have soared to £93.9bn in the last 12months which is an annual increase of 13.2%. The average interest paid by each household on their total debt is approximately £3,775 each year which has increased £440 in the last 12 months..

• £1m every 5 minutes - growth in UK debt
• £310m - daily increase in UK debt
• Average household debt in the UK is £56,708 (including mortgages).
• £257m - average UK interest paid daily
• £1,412bn - total UK debt
• 292 - number of people who will be declared solvent or bankrupt today

Debt Statistics supplied by: