Update: latest debt stats from Credit Action just out:
£135m daily increase in UK debt
£59,702 average household debt (including mortgages)
£224m interest paid in UK daily
every 10 minutes a property is repossessed
2,466 people made redundant every day
1 person every 4.8 minutes declared bankrupt or insolvent
£102 average daily decrease in house prices in 2008
The average houshold paid nearly £3500 in debt interest in 2008.
The average interest rate on credit card lending is currently 17.42%, which is 16.0% above base rate (1.5%).
30% of adults are concerned about their ability to manage personal debt.
full monthly report here, bleak stuff.
Following on from the CRE post yesterday, here's a slightly bigger list of debt and money resources for churches:
- Christians Against Poverty http://www.capuk.org/home/index.php, debt counselling and advice. Tel 01274 760720
CAP have developed a CAP Money course, a 3-session course on money management for use in local churches, and will train local church members to run the course. There’s a training day in Bristol on 25th April. This is a great way of doing something practical for the community. (recommendation from one person who's using the course here)
- Care for the Family http://www.careforthefamily.org.uk/ online resource on debt and money management. CFF has just published The 60 Minute Debt Buster, on money management, which was on sale at the CRE. If it's anything like the Rob Parsons books on marriage and parenting, it will be very good.
- Credit Action http://www.creditaction.org.uk/home.html has information for employees, self employed, singles, young parents, lots of practical advice, and up to date information on debt in the UK. Tel 0207 436 9937
- Church of England links to resources on debt and money. http://www.cofe.anglican.org/debt
This week is also poverty and homelessness action week, lots of downloadable resources for events, church, schools, youth, factsheets etc. on the website (thanks for the link Joe).
And there are various contact numbers/websites at the end of this Care for the Family publication, including the CAB, Business Debtline, National Debtline, and Consumer Credit Counselling services.