331 people are declared insolvent or bankrupt every day

Did you know, that…

• 331 people are declared insolvent or bankrupt every day. This is equivalent to 1 person every 60 seconds during each working day.

• 101 properties are repossessed every day.

• 68 new people a day became unemployed for over 12 months during the year ending November 2011.

• £55,823 was the average household debt (including mortgages) in December

• £171m was the daily amount of interest paid on personal debt in December

and

• every 14 min 17 sec a property is repossessed

…according to UK Debt Statistics from Credit Action

Read more stats on creditaction.org.uk