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Charlie The Tramp Returns

Credit Action Debt Stats March 2011

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Credit Action Debt Stats March 2011

UK banks and building societies wrote off £9.7bn of loans to individuals in the 4 quarters to end Q4 2010. In Q4 2010 they wrote off £2.27bn (£1.18m of that was credit card debt). This amounts to a write-off of £24.88m a day.
Total UK personal debt at the end of January 2011 stood at £1,452bn. The twelve-month growth rate remained unchanged at 0.7%. Individuals currently owe more than the entire country produced in the year between Q4 2009 and Q3 2010.

To think that now RB is buying a house. :blink:

Credit Action Full Stats.pdf

Credit Action Full Stats.pdf

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honestly, so what? People don't care about debt as long as they can default, go bankrupt, whatever. They don't think about future of their own children. Spending/Shooping has become their meaning of life, without it they got nothing. ;)

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Toward the top of page 8...

"The typical first-time buyer deposit in December was 23% (£35,020). The average first-time buyer borrowed 3.23 times their income and the average first-time buyer loan was £117,241."

So, average first time buyer has £36k salary and a £35k deposit... rather older and higher earning than the average person wanting to buy a house... that demand from a well "funded" minority is single-handedly oiling the machine upon which Haliwide base their stats. What about the rest of us with smaller deposits and average salaries?

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  • 311 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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