Has my hon. Friend considered outlawing the unfair order of payment on credit cards? That is a problem in my constituency and many others when constituents with 0 per cent. credit cards do not know that the cheapest debt is paid off first. They can therefore rack up extra debts without realising it. That has led to credit card providers making an estimated £500 million extra profit a year. In my constituency, the average debt for those who ask for help with debt is £35,000, so I hope that my hon. Friend will look into the matter.
Consumer Credit Bill
Proceeding contribution from
Anne Snelgrove
(Labour)
in the House of Commons on Thursday, 9 June 2005.
It occurred during Debate on bills on Consumer Credit Bill.
Type
Proceeding contribution
Reference
434 c1413 
Session
2005-06
Chamber / Committee
House of Commons chamber
Subjects
Librarians' tools
Timestamp
2024-01-26 18:41:57 +0000
URI
http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_250784
In Indexing
http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_250784
In Solr
https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_250784