Debt Rises By 10% In The Last Year
The total debt including mortgages has risen by 10% in the last year to £1.55Trillion.
The average borrow is over £8,500
The amount of that which is related to credit cards has risen 5% in the last year.
The continued rise in house prices has been blamed for these figures, The Bank Of England has taken measures to curb property inflation and there are signs this month that prices (or at least increases) have dropped with average prices dropping in Edinburgh and a slower rise in London.
Figures produced by Credit Action a registered charity.