Credit Action – Debt Stats Round up (March 2012)

• Every 4.32 minutes someone will be declared insolvent or bankrupt
• Every 15.28 minutes a property is repossessed
• 1,797 people were made redundant every day between October and December 2011
• Citizens Advice Bureaux deal with 8,652 new debt problems each working day
• The average household debt (including mortgages) is £55,988
• 860,000 people in the UK have been unemployed for 12 months or more
• £173,000,000 is the amount of personal interest paid in the UK on a daily basis