Payday Loan Companies

Baroness Primarolo Excerpts

Monday 20th January 2014 Commons Chamber

[Madam Deputy Speaker (Dawn Primarolo)]

Order. I inform Members that there will now be an eight-minute time limit on all Back-Bench contributions to this debate, as a large number of Members wish to speak.

--- Later in debate ---

[Mike Crockart (Edinburgh West) (LD)]

Does my hon. Friend agree that, although real-time information is essential, it would be good if the companies checked any information at all? When I conducted some research, I made an application for a loan under the name Boris Peep, using my constituency address as the address for the individual. The loan was approved by WageDayAdvance. I then received—

[Madam Deputy Speaker (Dawn Primarolo)]

Order. This is not a 40-minute speech.

[Mike Crockart]

I then received numerous texts saying, “Hi Boris, your loan application has been approved.” That surely shows that no real-time information was used at all.