Debt Management

EDM number 646 in 2010-12, proposed by David Anderson on 27/07/2010.
Categorised under the topic of Incomes and poverty.

That this House welcomes the recent decision of the Office of Fair Trading to act against a fee-charging debt management company in respect of misleading advertising; notes, however, that this is only one symptom of much more widespread problems across the fee-charging sector, with customers often being encouraged to take out the most profitable arrangement from the business's perspective rather than the most appropriate one for the individual; and calls on the Government to replace the current discredited system of self-regulation with a statutory regime.

This motion has been signed by a total of 37 MPs, 1 of these signatures have been withdrawn.