The latest figures for personal debt levels and industry statistics were published recently by Credit Action, the national money education charity. Again, these do not make pleasant reading and I hesitate to use the term but some of the "highlights" were:
- £55,823 was the average household debt (including mortages) in December 2011
- 8,652 new debt problems were handled by the CAB during the year to September
- 1,797 people were made redundant every day between September and November
- £15.68M of loans are written off every day by our banks and building societies
- every 14min 17sec a property is repossessed.
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