Gambling addiction costs the UK more than £100m a year in mental health and counselling services, according to a landmark report commissioned by the charity GambleAware. The IPPR, an independent.
In the past few years the gambling industry in the UK has seen a significant growth. Technologies for complying to the strict rules in force in the United Kingdom. Of 60 billion won debt. Almost 27 million (more than half) of the UK adult population will head into 2020 with debts hanging over their head, with almost 5 million owing over £10k in credit and loans, according to a poll conducted by money.co.uk They polled over 2,000 people aged between 16-64 living in the UK, which found that, excluding. Average amount of gaming machines in Great Britain. Participation in online gambling in the United Kingdom 2016-2020, by age group. Problem gamblers in the UK as of March 2016-2018.
Amount Owed:
People in the UK owed £1.616 TRILLION at the end of November 2018. This figure is up from £1.569 TRILLION at the end of November 2017 – an extra £898.71 per UK adult.
Average Borrowing:
The average total debt per household – including mortgages – was £58,948 in November.
That's an average debt per adult of £30,832 – which is about 112% of average earnings.
Consumer Credit Levels
Outstanding consumer credit lending was £215.4 BILLION at the end of November 2018.
This is up from £206.2 BILLION at the end of November 2017, and is an increase of £174.80 for every adult in UK.
This means average consumer credit borrowing per UK adult is now £4,108
Credit Card Borrowing
Total credit card debt in November 2018 was £72.5 BILLION. This is an average of £2,643 per household
This means at the average credit card interest rate it would take 26 years and 6 months to repay if you made the minimum repayments each month.
Debts Written Off By Banks
UK banks and buiding societies wrote off £471 MILLION of loans and credit card debt to individuals in quarter 4 of 2016. That's roughly £5.1 MILLION a day.
CCJ's
3,001 consumer County Court Judgments (CCJS) are issued every day, with an average value of £1,337.
Number Of Personal Insolvencies
273 people a day are declared insolvent or bankrupt. This is equivalent to one person every 5 MINUTES 16 SECONDS.
Average Gambling Debt Uk Debt
Previous UK personal debt statistics from the Money Charity can be found here:
Bankruptcy Advice
Making yourself bankrupt is a big step to take and requires expert debt advice.
If you haven't already received advice from us and are considering how to go bankrupt, you can use our online bankruptcy test tool, which will provide you with a a free assessment of whether you qualify for bankruptcy and what impact it will have on your current situation. We'll also send you our 'Free Guide to Bankruptcy' by email.
Or, if you’d prefer to speak to us, call our FREE Bankruptcy Helpline on 0800 368 8231 (freephone, including all mobiles).
Average Gambling Debt Uk Vs
Bankruptcy Alternatives
Bankruptcy can be an effective way to solve personal debt, however it should ALWAYS be considered as a LAST RESORT, and the Court will expect you to HAVE considered any alternatives that you may qualify for.
Before you apply to go bankrupt make sure you're certain you've considered the following questions:
- Would an IVA help me in my situation?
Need Bankruptcy Advice?
Our panel of specialists can quickly advise you on what to do if you are considering going bankrupt. Simply call the team FREE on 0800 368 8231.
Alternatively take the online bankruptcy test and check if you qualify.