UK banks and building societies wrote off £9.6 billion of loans to individuals in the last 12 months to end Q1 2010, according to the latest UK debt statistics from Credit Action.

In the first quarter of the year they wrote off £2.13 billion (£1.25 billion of that was credit card debt). This amounts to a write-off of £23.35 million a day.

Total UK personal debt at the end of May 2010 stood at £1,460 billion. The 12-month growth increased to 0.9%. Individuals owe more than what the whole country produces in a year.

Total lending in May 2010 rose by £1.5 billion secured lending increased by £1.2 billion in the month consumer credit lending increased by £0.3 billion (total lending in Jan 2008 grew by £8.4 billion).

Total secured lending on dwellings at the end of May 2010 stood at £1,241 billion. The 12-month growth rate rose to 1.1%.

Total consumer credit lending to individuals at the end of May 2010 was £220 billion. The annual growth rate of consumer credit rose by 0.1% to 0.0%.

Average household debt in the UK is £8,716 (excluding mortgages). This figure increases to £18,159 if the average is based on the number of households who actually have some form of unsecured loan.

Average household debt in the UK is £57,944 (including mortgages). If you add to this the March 2010 budget report figure for public sector net debt (PSND) expected in 2015-16 (excluding financial interventions) then this figure rises to £110,166 per household.

Average owed by every UK adult is £30,000 (including mortgages). This is 126% of average earnings. Average outstanding mortgage for the 11.4 million households who currently have mortgages now stands at £108,972.