Credit Action - Debt Stats Round Up (January 2012)
- Every 4.21 minutes someone will be declared insolvent or bankrupt
- Every 14.17 minutes a property is repossessed
- 1,764 people were made redundant every day between August and October 2011
- Citizens Advice Bureaux deal with 8,652 new debt problems each working day
- The average household debt (including mortgages) is £55,816
- 868,000 people in the UK have been unemployed for 12 months or more
- £173,000,000 is the amount of personal interest paid in the UK on a daily basis
