Key statistics from the release, which shows month-by-month trends, include:
- £55,808 is the average household debt (including mortgages)
- £29,539 is the average amount owed by every UK adult (including mortgages)
- £174m is the personal interest paid in UK daily
- £15.68m of loans are written-off every day by banks & building societies
- Every 14.28 minutes a property is repossessed
- 1,611 people are made redundant daily
- 868,000 people have been unemployed for more than 12 months
- CAB deal with 8,910 new debt problems each working day
- £66.85 is the amount it costs to fill a car with a 50-litre tank with unleaded petrol
- £185,200,000 is the daily increase in Government national debt (PSDN)
- £1,276,733,333 was the total value of all plastic card purchases daily in September
According to Credit Action's calculations, average household debt (including mortgages) rose slightly compared to last month's figure to reach £55,808.
However, if mortgages are excluded then average household debt is £7,984 - this is actually lower than the same figure for last month, which means that the amount of unsecured borrowing by the average household has decreased.
Michelle Highman, CEO of Credit Action, said:
"All of us are facing a really tough time this Christmas. Over the course of the next 25 days there will be significant pressure for us to increase our spending and possibly borrow more to fund it.
"Our figures suggest that, on average, the burden of consumer debt has eased up a little recently. Whilst this is clearly good news, we all need to be careful as we start the run up to Christmas.
"Try not to live beyond your means over the festive period - otherwise you might face a difficult New Year. Make a Christmas budget and try to stick to it and avoid unnecessary expenditure, so you can enjoy the celebrations with a sense of financial security."
