Consumer Credit and Debt Management

Neil Carmichael Excerpts

Thursday 3rd February 2011 Commons Chamber

[Stella Creasy]

My hon. Friend makes an eloquent point. Indeed, I am grateful for the support that we have had from Church Action on Poverty for the campaign and for the proposals before the House.

[Neil Carmichael (Stroud) (Con)]

Does the hon. Lady agree that the Bills of Sale Act 1878, which enables lenders to go into people’s homes and take property, should be reviewed, because that is an unintended consequence of the Act?

[Stella Creasy]

The hon. Gentleman raises an interesting point which Members might want to cover during the debate.

Most importantly, we are looking at the principle of how we could stop people getting into such high levels of debt because of the rates they are charged for the borrowing that they undertake.