Debt News & Statistics

Average Debt
The average debt per household in the UK is over £11k.

Average Problem Debt
The average problem debt has risen to over £21k, with in house statistics putting the figure nearer £30k.

Debt Problems
Debt problems have increased by over 40% in the last 5 years.

Citizen's Advice Bureau
Citizen's Advice Bureau receive over 1 million enquiries relating to debts annually.

Secured Debt
The level of secured debt has risen by over 60% in the last 5 years due to the increase in companies offering secured loans, lowinterest rates and levels of equity in property.

Total Debts
Money owed on overdrafts, credit cards and loans rise to the extent that the total owed is in excess of £65 Billion.