Total UK personal debt at 1,460bn
Total UK personal debt at the end of April 2010 stood at 1,460bn, reveal the latest debt statistics from Credit Action.
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Total lending in April 2010 rose by 0.4bn; secured lending increased by 0.5bn in the month; consumer credit lending decreased by 0.1bn (total lending in Jan 2008 grew by 8.4bn).
Total secured lending on dwellings at the end of April 2010 stood at 1,239bn. The twelve-month growth rate fell to 0.9%.
Total consumer credit lending to individuals at the end of April 2010 was 221bn. The annual growth rate of consumer credit fell by 0.2% to - 0.1%.
Average household debt in the UK is ~ 8,761 (excluding mortgages). This figure increases to 18,252 if the average is based on the number of households who actually have some form of unsecured loan.
Average household debt in the UK is ~ 57,915 (including mortgages). If you add to this the March 2010 budget report figure for public sector net debt (PSND) expected in 2014-15 (excluding financial interventions) then this figure rises to 113,709 per household.
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