Household debt falls

Key statistics from the release, which shows month-by-month trends, include:

- CAB deal with 9,498 new debt problems each working day

- 1,348 people are made redundant daily

-  850,000 people have been unemployed for more than 12 months

- £55,854 is the average household debt (including mortgages)

- £29, 835 is the average amount owed by every UK adult (including mortgages)

- £179m is the personal interest paid in UK daily

- £20.71m is the daily write-offs of loans by banks & building societies

- Every 14 minutes a property is repossessed

- £68.45 is the amount it costs to fill a car with a 50-litre tank with unleaded petrol

- £199,700,000 is the daily increase in Government national debt (PSDN)

- £1,156,000,000 is the total value of all purchases made using plastic cards today

Joanna Parsley, Associate Director at Credit Action says:

"June's debt statistics show some interesting trends. As consumers we are choosing to pay down our debts, as this month shows that on average household debt excluding mortgages decreased by £23 to £8,121 and similarly, average household debt including mortgages fell by £16 to £55,854.

"Paying down debt is good, sensible money management advice, yet as consumers we're doing it against a backdrop of an ever increasing cost of living.

"The CPI reached 4.5% in April, and the cost of filling a car with a 50-litre tank with unleaded petrol has increased further, by 55p this month. For the average consumer, the squeeze on their household budget continues."