Striking figures to take a few moments reflection over

The following is courtesy of Credit Action Debt Statistics:

£53,995 was the average household debt (including mortgages) in March

£164m was the daily amount of interest paid on personal debt in March

1,501 people were made redundant every day between December and February

£10.92m of loans are written-off daily by UK Banks and Building Societies

Every 16 min 26 sec a property is repossessed

Every 5 min 15 sec someone will be declared insolvent or bankrupt

£1.585 billion was the daily value of all plastic card purchases made in February

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