Borrowing estimates for Redcar and Cleveland, built from published survey rates and population figures.
An estimated 90,200 adults in Redcar and Cleveland held at least one credit or loan product in 2024.
Source: Estimate from FCA Financial Lives 2024 and ONS mid-2024 population estimates, Borrowing Data, 2024
Estimate: 81% of adults in the North East held at least one credit or loan product (FCA Financial Lives 2024, adults aged 18 and over) applied to 111,355 adults aged 18 and over in Redcar and Cleveland (ONS mid-2024 population estimates, single-year ages summed).
An estimated 66,800 adults in Redcar and Cleveland held a credit card in 2024.
Source: Estimate from FCA Financial Lives 2024 and ONS mid-2024 population estimates, Borrowing Data, 2024
Estimate: 60% of adults in the North East held a credit card (FCA Financial Lives 2024, adults aged 18 and over) applied to 111,355 adults aged 18 and over in Redcar and Cleveland (ONS mid-2024 population estimates, single-year ages summed).
An estimated 22,300 adults in Redcar and Cleveland were overdrawn on a current account in 2024.
Source: Estimate from FCA Financial Lives 2024 and ONS mid-2024 population estimates, Borrowing Data, 2024
Estimate: 20% of adults in the North East were overdrawn on a current account (FCA Financial Lives 2024, adults aged 18 and over) applied to 111,355 adults aged 18 and over in Redcar and Cleveland (ONS mid-2024 population estimates, single-year ages summed).
An estimated 29,000 adults in Redcar and Cleveland had a residential mortgage in 2024.
Source: Estimate from FCA Financial Lives 2024 and ONS mid-2024 population estimates, Borrowing Data, 2024
Estimate: 26% of adults in the North East had a residential mortgage (FCA Financial Lives 2024, adults aged 18 and over) applied to 111,355 adults aged 18 and over in Redcar and Cleveland (ONS mid-2024 population estimates, single-year ages summed).
An estimated 27,800 adults in Redcar and Cleveland used buy now, pay later credit in 2024.
Source: Estimate from FCA Financial Lives 2024 and ONS mid-2024 population estimates, Borrowing Data, 2024
Estimate: 25% of adults in the North East used buy now, pay later credit (FCA Financial Lives 2024, adults aged 18 and over) applied to 111,355 adults aged 18 and over in Redcar and Cleveland (ONS mid-2024 population estimates, single-year ages summed).
An estimated 7,240 adults in Redcar and Cleveland held high-cost credit in 2024.
Source: Estimate from FCA Financial Lives 2024 and ONS mid-2024 population estimates, Borrowing Data, 2024
Estimate: 6.5% of adults in the North East held high-cost credit (FCA Financial Lives 2024, adults aged 18 and over) applied to 111,355 adults aged 18 and over in Redcar and Cleveland (ONS mid-2024 population estimates, single-year ages summed).
An estimated 32,300 adults in Redcar and Cleveland had low financial resilience in 2024.
Source: Estimate from FCA Financial Lives 2024 and ONS mid-2024 population estimates, Borrowing Data, 2024
Estimate: 29% of adults in the North East had low financial resilience (FCA Financial Lives 2024, adults aged 18 and over) applied to 111,355 adults aged 18 and over in Redcar and Cleveland (ONS mid-2024 population estimates, single-year ages summed).
An estimated 12,200 adults in Redcar and Cleveland were in financial difficulty in 2024.
Source: Estimate from FCA Financial Lives 2024 and ONS mid-2024 population estimates, Borrowing Data, 2024
Estimate: 11% of adults in the North East were in financial difficulty (FCA Financial Lives 2024, adults aged 18 and over) applied to 111,355 adults aged 18 and over in Redcar and Cleveland (ONS mid-2024 population estimates, single-year ages summed).
The estimated population aged 16 and over in Redcar and Cleveland was 115,600 at mid-2025.
Source: Population estimates - local authority based by single year of age (Nomis NM_2002_1), mid-year estimates, Office for National Statistics, 30 June 2025
ONS mid-2025 population estimates (published 29 July 2026 for England and Wales; Scotland and Northern Ireland as carried in the same Nomis table), local authority boundaries as of April 2023, usual residents, as returned by the Nomis 'Aged 16+' category.
An estimated 90,200 adults in Redcar and Cleveland held at least one credit or loan product in 2024. An estimated 66,800 adults in Redcar and Cleveland held a credit card in 2024. An estimated 22,300 adults in Redcar and Cleveland were overdrawn on a current account in 2024.
An estimated 90,200 adults in Redcar and Cleveland held at least one credit or loan product in 2024.
An estimated 66,800 adults in Redcar and Cleveland held a credit card in 2024.
An estimated 22,300 adults in Redcar and Cleveland were overdrawn on a current account in 2024.