The Debt Counsel only gives accreditation to legitimate and professional debt management companies. Call us free on 0800 542 7830
-
Looking for a solution to your debts? Beware! The Ministry of Justice has recently closed over 100 fraudulent companies.
-
The solution to your money worries is only a click away. Our debt calculator advises you on the best, accreditated company for your needs.
-
Compare accredited debt companies. With so many debt solutions companies available, selecting a reputable and professional service is of paramount importance.
-
The Debt Counsel’s - FREE Debt Calculator - Find out which accredited debt company is best suited to clear your debts.
Find out which accredited company is best suited
to clear your debts.
“I wish I had done this years ago instead of struggling through as best I could, maybe now I would be debt free. The Debt Counsel really have helped in turning my life around. Thank you!”. Satisfied customer / Saffron Walden
Total consumer credit lending to individuals at the end of Feb 09 was £231bn. This has continued to slow to 3.4% in the
last 12 months.
- Government backed Insolvency Service increase fees by 25 per cent
- Value of debts written off by UK banks up by over 25 per cent
- The Limit on contactless card payments increases to £15
- UK credit card debts left to pile up
- Ex Government Advisor says credit card interest rates are excessive
- ?Missing? credit report information could affect your ability to get credit
- Highest Credit Card Interest Rates since 1998
- Mortgage applications up 14% in January
Debt Management UK facts & figures, Debt Advice
-
- Total UK personal debt at the end of July 2009 stood at £1,457bn
- Total consumer credit lending to individuals at the end of July 2009 was £231bn.
- Average household debt in the UK is ~ £9,226 (excluding mortgages). This figure increases to £21,457 if the average is based on the number of households who actually have some form of unsecured loan.
- Britain's interest repayments on personal debt were £65.9bn in the last 12months.
- The average interest paid by each household on their total debt is approximately £2,637 each year.
- Average consumer borrowing via credit cards, motor and retail finance deals, overdrafts and unsecured personal loans has risen to £4,780 per average UK adult at the end of July 2009.
- In January 2008 Britain's personal debt increased by £1 million every 5.3 minutes.
- 362 people today will be declared insolvent or bankrupt.
- KPMG estimate this will increase to 411 people a day throughout 2009 or 1 person becoming bankrupt or entering into an Individual Voluntary Arrangement (IVA) every 3.5 minutes.
- Unemployment increased by 2,411 people every day during 3 months to end June 2009.
- 3,600 applications for credit have been turned down every day during the past six months.
- 20.8m plastic card purchase transactions will be made today with a total value of £1.03bn.
- 1 person every 3.97 minutes is declared bankrupt or insolvent
- The number of unemployed people in the three months to June 2009 was 2.435 million (7.8%), up 220,000 (2,411 a day) from the previous three months and up 750,000 over the year. This is the highest figure in 14 years since August 1995.
- The August British Chambers of Commerce (BCC) Monthly Business Survey reveals the continued threat to the UK labour market, with one in two firms considering or certain to make redundancies over the next 6 months.
- One in seven people in serious debt (15%) have still not talked to anyone about it and nearly a quarter of people in debt take over a year to seek help.
- The Insolvency Service said there were 33,073 individual insolvencies in England and Wales (362 people a day or 1 every 3.97 minutes) in the second quarter of 2009 on a seasonally adjusted basis. This was an increase of 11.1% on the previous quarter and an increase of 27.4% on the same period a year ago.
- The total number of county court judgments (CCJs) against consumers in England and Wales in Q1 2009 was 182,490. This is equivalent to 2,000 every day.
- 3.93m are frequently missing bill payment deadlines; 3.6m say they are currently ignoring or delaying opening bank statements and 3.34m say they ignore or delay opening any envelopes that look like bills.
- PricewaterhouseCoopers estimates that UK wealth loss from the credit crunch from July 2007 to May 2009 was £36,000 on average per adult.
- A poll conducted by the Resolution Foundation found that nearly 3 million low earners now worry ‘all the time’ about their personal finances. The poll also found that, today, nearly 90 per cent of low earners (people who live on annual household incomes of between £12,000 and £27,000) worry at least ‘sometimes’ about their personal finances.
- uSwitch calculations estimate that 7.3m consumers currently make over 38m cash withdrawals using a credit card every year. The interest rate applied to withdrawals has rocketed by 41% over the past three years from 21.22% APR in 2005 to almost 30% APR.
- Total credit card debt in July 2009 was £53.9bn. The UK collective credit limit on credit cards is £158bn, which is an average credit card limit of £5,129 per person.
- The average interest rate on credit card lending is currently 18.0%, which is 17.5% above base rate (0.5%).
- Unemployment for 18 to 24 year olds was 722,000 (17.2%) in the three months to June 2009, up 46,000 from the three months to March 2009.
- The UK's largest survey of student finance, published by Push.co.uk, reveals that students who started at university last year can expect to owe nearly £21,200 by the time they leave and new students should reckon on at least £2,000 more than that.
- The number of people aged 50+ out of work has risen to 370‚000‚ which is a rise of 7.6% (26‚000) over the last quarter and 55.1% (131‚000) over last year. Those claiming Jobseekers Allowance has risen by 92.7% over the past year.
- Scottish Widows estimates a third of retired people in the UK (34%) are in the red on loans and credit cards and the average outstanding non mortgage debt amongst retired people with debt is £7,344.
- Research conducted by Halifax Credit Cards has found that of those making new year’s resolutions, 57 per cent wanted to review their finances.
-
