Credit Action – Debt Stats Round up (December 2011)

  • Every 4.35 minutes someone will be declared insolvent or bankrupt
  • Every 14.28 minutes a property is repossessed
  • 1,611 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 £55,808
  • 868,000 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

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