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New clause 3 - CREDIT TOKENS

Consumer Credit Bill

Public Bill Committees, 28 June 2005, 6:00 pm

Photo of Michael Jabez Foster

Michael Jabez Foster (Hastings & Rye, Labour)

Is not the bigger problem something that the hon. Gentleman has mentioned already—the fact that as long as spending is within the limit there is not an increased credit obligation, but that the practice is, I understand, sometimes to send the cheques with an invitation to increase the limit? That increased limit is   the problem. It is unsolicited, and that may be the aspect of the matter that should give rise to concern.

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