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UK debt numbers for July 2009

Page last updated Tuesday, 04 August 2009

005-credit-statsDebt Statistics today in the UK:

  • The average household debt will increase by £0.53 today (a decrease from £11.11 a day in January 2008)
  • 331 people today will be declared insolvent or bankrupt.
  • KPMG estimate this will increase to 411 people a day throughout 2009 or 1 person becoming bankrupt or entering into an Individual Voluntary Arrangement (IVA) every 3.5 minutes.
  • In the last 12 months consumers saved an average of £2.96 every day.
  • 2,324 Consumer County Court Judgements (CCJs) were issued every day in the last three months of 2008.
  • 142 properties were repossessed every day during the last 3 months to end March 2009. The Council of Mortgage lenders estimates this will increase to approximately 178 a day throughout 2009.
  • Unemployment increased by 3,080 people every day during 3 months to end of May 2009.
  • 3,300 people reported they had become redundant every day during 3 months to end of May 2009.
  • The average house has decreased in value by £62 every day during the last 12 months.
  • £76m is the interest the Government has to pay each day on the UKs net debt of £799bn. This is projected to rise to £118m a day (£43bn) in 2010 – 2011 financial year.
  • 33,600 applications for credit have been turned down every day during the past six months.
  • 251 mortgage possession claims will be issued and 189 mortgage possession orders will be made today.
  • 397 landlord possession claims will be issued and 305 landlord possession orders will be made today.
  • 20.8m plastic card purchase transactions will be made today with a total value of £1.03bn.
  • Citizen Advice Bureaus dealt with 7,423 new debt problems every day.
  • The average car will cost £16.80 to run today
  • £578m will be withdrawn from cash machines today.

Source: creditaction.org.uk


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