The average UK household is £9,000 in debt, according to independent charity Credit Action.
A new report from the organisation has revealed that the average household debt, not including mortgages, now stands at £9,000, a figure which increases to almost £19,000 when unsecured loans are taken into account.
The report also revealed that the total amount of personal debt in the UK is now £1,460 billion, representing an annual increase of 0.1 per cent.
Debt worries could be eased for those who own their home as schemes such as equity release can provide a welcome financial boost with cash taken from the value of their property assets.
The report also revealed a £100 million increase in consumer credit lending in December 2009, the first increase for six months.
According to Credit Action, the figures mean that those in debt have paid £66 billion in interest alone over the course of the past year.
