In the UK, debt statistics take into account money owed in a variety of forms. Personal and household debts are charted and include debt accumulated through credit cards, loans and mortgages.
If you are struggling with debt, you are not alone. Personal and household debt figures compiled recently show that:
- The average household debt in the UK, including mortgages, is £59,715.
- The average UK adult owes £30,440, including their mortgage.
- In 2008, personal debt in Britain increased by £1 million every 8 minutes.
- There are more credit cards in the UK than people.
If you are searching for advice about personal or household debt, contact Legal Advice Helpline and we will help you find a wealth of information on dealing with debt.
What do debt statistics mean for you?
Defaulting on debt is often a side effect of general economic downturn, and it is a problem that has increased greatly in the UK over the last ten years. If you are facing financial difficulties, rest assured that you need not become just another debt statistic.
Whether it is personal or household, credit card debt or a mortgage, debt can become manageable.
Seeking advice and help from Legal Advice Helpline could aid you in getting your debts under control and your financial feet on the ground. Contact us today and we will put you in touch with a debt help professional.
Solving your debt
If negative debt statistics look all too familiar to you, there are a variety of ways that Legal Advice Helpline can help you manage your debt.
Our professional service providers will advise you on the most appropriate debt solution and give you the assistance you need to get out of debt.