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)
Characteristic
Credit cards
Other unsecured lending to individuals
Secured on dwellings
Q4 2023
263
322
27
Q3 2023
264
238
9
Q2 2023
282
226
13
Q1 2023
271
211
13
Q4 2022
359
481
-5
Q3 2022
279
270
16
Q2 2022
247
219
12
Q1 2022
270
272
3
Q4 2021
214
266
17
Q3 2021
335
388
18
Q2 2021
336
354
17
Q1 2021
355
320
20
Q4 2020
292
340
27
Created with Highcharts 7.2.2Value in million British poundsCredit cardsOther unsecured lending to individualsSecured on dwellingsQ1 2017Q2 2017Q3 2017Q4 2017Q1 2018Q2 2018Q3 2018Q4 2018Q1 2019Q2 2019Q3 2019Q4 2019Q1 2020Q2 2020Q3 2020Q4 2020Q1 2021Q2 2021Q3 2021Q4 2021Q1 2022Q2 2022Q3 2022Q4 2022Q1 2023Q2 2023Q3 2023Q4 2023
01,000-2502505007501,250
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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 January 04, 2025, 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 January 04, 2025. 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: January 04, 2025. 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 January 04, 2025)
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/
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