Tag: problem debt

Bishop of Durham asks about government records and assessment of debts and credit use

The Bishop of Durham received the following written answer on 21st December 2022:

The Lord Bishop of Durham asked His Majesty’s Government what records they keep of the rate of (1) credit use, and (2) problem debt; and what assessment they have made of the effects of these on the UK population.

Lord Harlech (Con): The Government monitors the rate of credit use and problem debt by working closely with the Money and Pensions Service (MaPS) and the Financial Conduct Authority (FCA), as well as by engaging with the debt advice sector and other relevant stakeholders on their research and findings.

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Bishop of Durham asks about the cost of living

The Bishop of Durham received the following written answer on 5th September 2022:

The Lord Bishop of Durham asked Her Majesty’s Government:

  • what assessment they have made of the effect of increases to the cost of living on problem debt; and what steps that are taking to reduce problem debt.
  • what assessment they have made of the effect of increases to the cost of living on problem debt for those in the bottom 40 per cent of equivalised household incomes; and what steps they are taking to protect such households from problem debt.
  • what steps the Money and Pensions Service is taking to help those in need of debt advice know where to seek it.
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