Proceeding contribution from Lord De Mauley (Conservative) in the House of Lords on Tuesday, 8 November 2005. It occurred during Debate on bill and Committee proceeding on Consumer Credit Bill.

Consumer Credit Bill

I may be missing a point here, but I believe our Amendment No. 27 attempts to address this in a slightly different way. Since we are in Committee, I hope that the noble Lord, Lord Razzall, will forgive me if I ask for a point of clarification. Are we absolutely clear that what is intended in the amendment is that payments should be allocated to the lowest rather than the highest interest-bearing balances? As I understand it, that seems to be unnecessarily hard on the borrower, especially for a Liberal Democrat amendment.

Secondary information

Type: Proceeding contribution
Reference: 675 c148-9GC
Session: 2005-06
Chamber / Committee: House of Lords Grand Committee
Subjects: Consumers Courts Debts Credit agreements Credit Credit cards Licensing Exemptions Instalment credit Interest rates Protection Powers Loans Office of Fair Trading Regulation Repayments Unfair practices
Legislation: Consumer Credit Bill 2005-06
Link: View this Proceeding contribution on www.publications.parliament.uk

Consumer Credit Bill

Secondary information

Librarians' tools