Written question asked by Seema Malhotra (Labour) on Friday, 29 October 2021, in the House of Commons. It was due for an answer on Wednesday, 3 November 2021 (named day). It was answered by John Glen (Conservative) on Wednesday, 3 November 2021 on behalf of the Treasury.
Credit: Debts
- Question
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To ask the Chancellor of the Exchequer, what assessment he made of the impact on credit scores (a) across different age groups, (b) in Feltham and Heston constituency and (c) England of the increase in debt from buy now, pay later products.
- Answer
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HM Treasury does not hold information on the impact of Buy-Now Pay-Later product usage on credit scores.
On 21 October, the Government published a consultation document outlining its proposed approach to the regulation of Buy-Now Pay-Later products. The consultation document can be found at the following link, including details on how to respond: www.gov.uk/government/consultations/regulation-of-buy-now-pay-later-consultation.
The consultation closes on 6 January. Once the consultation has concluded, the Government will review responses and consider next steps.
Secondary information
- Type
- Written question
- Reference
- 66197
- Session
- 2021-22
- Subjects
- Debts Credit Credit rating
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2021-11-03 12:41:35 +0000
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2021-22/66197
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/commons/2021-22/66197
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/commons/2021-22/66197