February 1st, 2008
Credit Action - Debt Facts and Figures for Dec 07
Striking Numbers Total UK personal debt at the end of December 2007 stood at £1,409bn. The growth rate increased to 9.3% for the previous 12 months which equates to an increase of ~ £120bn. Total secured lending on homes at the end of December 2007 stood at £1,185bn. This has increased 10.0% in the last 12 months. Total consumer credit lending to individuals in December 2007 was £224bn. This has increased 5.7% in the last 12 months. Total lending in December 2007 grew by £9.1bn. Secured lending grew by £8.6bn in the month. Consumer credit lending grew by £0.6bn.
1st February 2008
© Credit Action