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)
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
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 July 27, 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 July 27, 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: July 27, 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 July 27, 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/
