Backbench Business — High-cost Credit

Part of the debate – in the House of Commons at 12:32 pm on 5th September 2013.

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Photo of Mike Thornton Mike Thornton Liberal Democrat, Eastleigh 12:32 pm, 5th September 2013

I entirely agree with the tenets of the hon. Gentleman’s speech and thank him for securing the debate. My constituents say that while credit unions are all very well, a person needs to be saving with one before it will lend to them. My experience and that of my constituents is that problems often arise when people have not been able to save in the first place, meaning that credit unions are unable to lend to them under their rules, so could we consider dealing with that?