Proceeding contribution from Charles Hendry (Conservative) in the House of Commons on Thursday, 9 June 2005. It occurred during Debate on bill on Consumer Credit Bill.
Consumer Credit Bill
I understand what the Minister is saying, but we feel that there is a tendency to be complacent. We see today from the Daily Mail shocking statistics showing a sharp increase in the number of people falling behind in their debt repayments. Credit card arrears and bad debts are growing and bankruptcies and home repossessions are up by a quarter. Appeals to the consumer credit counselling service are up by 60 per cent. since last year. Although most people are managing, there is evidence that a significant and growing minority are unable to manage.
Secondary information
- Type
- Proceeding contribution
- Reference
- 434 c1417
- Session
- 2005-06
- Chamber / Committee
- House of Commons chamber
- Subjects
- Disclosure of information Consumers Appeals Debts Cheques Credit agreements Credit Credit cards Licensing Instalment credit Interest rates Low incomes Powers of entry Protection Loans Office of Fair Trading Money lenders Regulation Unfair practices Personal loans Financial Ombudsman Service Mediation
- Legislation
- Consumer Credit Bill 2005-06
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2024-01-26 17:55:40 +0000
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