Credit Action – Debt Stats Round up (November 2011)

• Every 4.31 minutes someone will be declared insolvent or bankrupt
• Every 14.6 minutes a property is repossessed
• 1,644 people are made redundant daily
• Citizens Advice Bureaux deal with 8,910 new debt problems each working day
• The average household debt (including mortgages) is £55,795
• 867,000 people in the UK have been unemployed for 12 months or more
• £174,000,000 is the amount of personal interest paid in the UK on a daily basis