Written question asked by Barry Gardiner (Labour) on Monday, 10 November 2003, in the House of Commons. It was due for an answer on Monday, 17 November 2003. It was answered by Gerry Sutcliffe (Labour) on Monday, 17 November 2003 on behalf of the Department of Trade and Industry.

Dept of Trade and Industry

Question: To ask the Secretary of State for Trade and Industry, if she will take steps to prevent companies from using the same home visiting personnel both to sell loans and collect debts.

Answer: Mr. Gardiner: To ask the Secretary of State for Trade and Industry if she will take steps to prevent companies from using the same home visiting personnel both to sell loans and collect debts. [138598] Mr. Sutcliffe: The practice of one agent both selling loans, and collecting the payments due, is extensively used in the doorstep lending sector. This practice has not been shown to be inconsistent with either fair dealing or responsible lending and there is some evidence that it is valued by many consumers. I therefore do not intend to take any action in this matter.

Secondary information

Type: Written question
Reference: 138598; 413 c509W;413 c510W
Session: 2002-03
Subjects: Consumers Companies Debts Credit Debt collection Direct selling Staff Money lenders
Link: View this Written question on www.publications.parliament.uk