Debt Facts and Figures….

Courtesy of Credit Action, here are the most up to date facts and figures regarding UK debt:

  • Every 14 minutes a property is repossessed
  • 381 people every day of the year will be declared insolvent or bankrupt
  • 1,566 people are made redundant daily
  • 9,000 new debt problems are dealt with by the Citizens Advice Bureau in England & Wales every working day
  • £56,690 is the average household debt in the UK (including mortgages)
  • 797,000 people have been unemployed for longer than 12 months
  • £1,823,000,000,000 is the predicted amount of household debt the Office for Budget Responsibility predicts by the end of 2015

So, you can see that if you’re struggling with debt, you’re definitely not alone.  If you find yourself unable to manage your debts, contact us today.  We may be able to help you.

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