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Credit Action releases daily debt statisticsThe debt charity Credit Action has announced a series of facts and figures, breaking down bad credit, mortgage arrears, and repossession. The statistics show that today, 2,430 County Court Judgements will be issued. 18,000 credit card applications will be rejected. The average household debt, including secured loans, is £59,670. Personal debt, meanwhile, increased by £1 million every 10 minutes in 2008. 3 Responses to “Credit Action releases daily debt statistics”Leave a Reply |
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January 8th, 2009 at 9:24 pm
This sounds bad, but I think the increase in debt is slowing down (though still increasing). Lenders are far more cautious, and repayment rates are dropping.
January 9th, 2009 at 9:19 am
60k of debt per household… no wonder everyone seems so worried. At least their repayments should be going down though.
January 12th, 2009 at 9:29 am
My guess is that personal debt will spike for a bit as the recession bites, then drop because no one can find a new loan.