Whose Money?

Below are the figures for September, 2006.  For a full analysis with updated monthly figures, visit Credit Action's website at:

http://www.creditaction.org.uk/debt-statistics.html

Total UK personal debt in September will have exceeded £1¼ trillion for the first time.

At the end of August 2006 the total UK personal debt was £1,247bn. The growth rate increased to 10.4% for the previous 12 months which equates to an increase of £105bn.

Total secured lending on homes has exceeded £1 trillion £1,000 billion) and in August 2006 it stood at £1,035.4bn. This has increased 11.2% in the last 12 months.

Total consumer credit lending to individuals in August 2006 was £211.8bn. This has increased 6.6% in the last 12 months.

Total lending in August 2006 grew by £9.9bn. Secured lending grew by £9.1bn in the month. Consumer credit lending grew by £0.8bn.

Average household debt in the UK is approximately £8,575 (excluding mortgages) and £50,494 including mortgages.

Average owed by every UK adult is approximately £26,525 (including mortgages). This grew by 

£200  last month.

Average interest paid by each household on their total debt is approximately £3,123 each year.

Average consumer borrowing via credit cards, motor and retail finance deals, overdrafts and unsecured personal loans has risen to £4,504 per average UK adult at the end of August 2006.

Britain's personal debt is increasing by £1 million every four minutes.

For a full analysis, and updated monthly figures, visit Credit Action's website at:

http://www.creditaction.org.uk/debtstats.htm