High Cost Credit Bill

Part of the debate – in the House of Commons at 10:16 am on 12 July 2013.

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Photo of Penny Mordaunt Penny Mordaunt Conservative, Portsmouth North 10:16, 12 July 2013

Does the hon. Gentleman agree that for an enormous number of people who are going for such loans, it is extremely attractive not to have any face-to-face time? Often, they are intimidated by having conversations with a bank manager and so forth, and some of them are deeply embarrassed about the situation in which they find themselves. Being able to go online and spend 15 minutes getting a loan without any advice or any real time to think about it is an extremely attractive option.