Most of the lending to individuals written-off by financial institutions in the United Kingdom (UK) in the last quarter of 2023 were unsecured loans. Mortgage write-offs only amounted to 27 million British pounds, a fraction of the values for credit cards and other personal loans. Nevertheless, the outstanding value of personal loans secured on dwellings was much higher than that of consumer credit.
Personal loan write-offs by financial institutions in United Kingdom (UK) from 1st quarter 2017 to 4th quarter 2023, by type of loan
(in million GBP)
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Bank of England. (April 2, 2024). Personal loan write-offs by financial institutions in United Kingdom (UK) from 1st quarter 2017 to 4th quarter 2023, by type of loan (in million GBP) [Graph]. In Statista. Retrieved October 31, 2024, from https://www.statista.com/statistics/1359450/uk-personal-loans-write-offs/
Bank of England. "Personal loan write-offs by financial institutions in United Kingdom (UK) from 1st quarter 2017 to 4th quarter 2023, by type of loan (in million GBP)." Chart. April 2, 2024. Statista. Accessed October 31, 2024. https://www.statista.com/statistics/1359450/uk-personal-loans-write-offs/
Bank of England. (2024). Personal loan write-offs by financial institutions in United Kingdom (UK) from 1st quarter 2017 to 4th quarter 2023, by type of loan (in million GBP). Statista. Statista Inc.. Accessed: October 31, 2024. https://www.statista.com/statistics/1359450/uk-personal-loans-write-offs/
Bank of England. "Personal Loan Write-offs by Financial Institutions in United Kingdom (Uk) from 1st Quarter 2017 to 4th Quarter 2023, by Type of Loan (in Million Gbp)." Statista, Statista Inc., 2 Apr 2024, https://www.statista.com/statistics/1359450/uk-personal-loans-write-offs/
Bank of England, Personal loan write-offs by financial institutions in United Kingdom (UK) from 1st quarter 2017 to 4th quarter 2023, by type of loan (in million GBP) Statista, https://www.statista.com/statistics/1359450/uk-personal-loans-write-offs/ (last visited October 31, 2024)
Personal loan write-offs by financial institutions in United Kingdom (UK) from 1st quarter 2017 to 4th quarter 2023, by type of loan (in million GBP) [Graph], Bank of England, April 2, 2024. [Online]. Available: https://www.statista.com/statistics/1359450/uk-personal-loans-write-offs/
