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Proceeding contribution from Yvonne Fovargue (Labour) in the House of Commons on Thursday, 1 December 2011. It occurred during Backbench debate on Debt Advice and Debt Management.


Debt Advice and Debt Management

At present, however, even the most up-to-date credit reference agency updates only once a fortnight. My constituent who took out six payday loans in a day would not be stopped by that. Most of our payday lenders come over from America, where they are registered with one agency that regulates only payday loans as a short-term means of lending.


Secondary information

Type
Proceeding contribution
Reference
536 c1173 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
Debts Advisory services Insolvency
Link
View this Proceeding contribution on www.publications.parliament.uk