Striking Numbers

• £53,706 was the average household debt (including mortgages) in August
• £164m was the daily amount of interest paid on personal debt in August
• 8,465 new debt problems were dealt with by the CAB each working day over the year to June
• 1,552 people people were made redundant every day between May and July
• 904,000 people had been unemployed for over a year between May and July
• £12.52m of loans are written off dailly by UK Banks and Building  Societies
• every 15 min 30 sec a property is repossessed
• every 4 min 49 sec someone will be declared insolvent or bankrupt
• £1.357 billion was the daily value of all purchases made using plastic cards in July.

Everyday in the UK

• The UK population is growing by an estimated 1,342 people a day
• 26.8m plastic card purchase transactions were made every day in June 2012 with a total value of £1.289 billion
• 8.6m cash machine transactions were made every day in July 2012 with a total value of £338m
• The average car costs £18.33 per day to run
• It cost £67.75 to fill a 50 litre tank with unleaded petrol in August.

First-Time Buyers & Buy to Let

• The Office of National Statistics say that the average house price for first-time buyers was £173,000 in June 2012, which is an annual increase of 3.1%
• The typical first-time buyer deposit in June 2012 was 20% (around £31,250)
• The average first-time buyer borrowed 3.29 times their income and the average first-time buyer loan was an estimated £125,000.

Consumers in debt

Research by R3 has suggested that there may be 700,000 people using informal insolvency solutions such as Debt Management Plans.

R3 also said that there were around 574,000 people who had contacted their creditors informally about their debts, and a worrying 961,000 individuals who are struggling but have not sought help.

More stats at Credit Action