Wednesday, Apr 30, 2008
Personal Debt
Credit Action: Credit Action Stats May 2008
Last year the debt was increasing by £1 million every 4 minutes now only increasing by £1 million every 5 minutes.
Total UK personal debt at the end of March 2008 stood at £1,430bn. The growth rate increased to 8.7% for the previous 12 months which equates to an increase of ~ £113bn.
Total secured lending on homes at the end of March 2008 stood at £1,200bn. This has increased 9.1% in the last 12 months.
Total consumer credit lending to individuals in March 2008 was £230bn. This has increased 6.7% in the last 12 months.
Total lending in March 2008 grew by £8.2bn. Secured lending grew by £6.9bn in the month. Consumer credit lending grew by £1.2bn.
Posted by ferret @ 09:31 PM (258 views) Add Comment
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