Personal debt on highest level ever

The average Briton owed £4,000 in unsecured debt at the end of 2004, 10% more than in 2003, a report suggests.
Market analyst Datamonitor said the 2004 figure is 45% higher than at the start of 2000.

In 2004, the average adult owed £1,302 on credit cards, £1,892 on unsecured personal loans and £812 on overdrafts and motor and retail finance deals.

Datamonitor’s calculation is based on industry and official figures and excludes mortgage debt.

BBC News