However the twelve-month growth rate remained unchanged at 0.8%.
UK banks and building societies wrote off £9.5bn of loans to individuals in the four quarters to end Q1 2011, in Q1 2011 they wrote off £1.89bn – £866m of which was credit card debt.
This amounts to a write-off of £20.71m a day.
Meanwhile, the average household debt in the UK is now £8,121 – excluding mortgages. This figure increases to £15,618 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 ~ £55,854 when mortgages are included.
If you add to this the March 2010 budget report figure for public sector net debt expected in 2015-16 then this figure rises to £106,470 per household.
Average owed by every UK adult is – £29,835, including mortgages. This is 121% of average earnings.
While the average outstanding mortgage for the 11.4m households who currently have mortgages now stands at £109,018.
Joanna Parsley, associate director at Credit Action says: “June’s debt statistics show some interesting trends. As consumers we are choosing to pay down our debts, as this month shows that on average household debt excluding mortgages decreased by £23 to £8,121 and similarly, average household debt including mortgages fell by £16 to £55,854.
“Paying down debt is good, sensible money management advice, yet as consumers we’re doing it against a backdrop of an ever increasing cost of living.
“The CPI reached 4.5% in April, and the cost of filling a car with a 50-litre tank with unleaded petrol has increased further, by 55p this month. For the average consumer, the squeeze on their household budget continues.”