Credit

My hon. Friend makes an interesting suggestion and I will ensure that my colleagues who are responsible for this issue look specifically at that suggestion. He asked me to write to him, but I should probably arrange for the appropriate colleague to write to him. I accept his point of correction. Although the package will in some cases stop people becoming ““funts””, it will not invariably do so, and I take his point that we need to consider what more can be done. My hon. Friend pointed out, and I agree, that the industry needs to play its part in supporting borrowers—both those in difficulty and those who might get into difficulty—so that they have the information they need to make judgments about how quickly to repay debts, or whether to take out debts and loans in the first place. We have therefore called on the mortgage industry to work on improving its voluntary arrangements for borrowers, so that they receive early advice and support. I hope that the industry will consider with interest the suggestions that my hon. Friend has made tonight, as they are the sort of ideas that work well— The motion having been made at Seven o'clock, and the debate having continued for half an hour, Mr. Deputy Speaker adjourned the House without Question put, pursuant to the Standing Order.