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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