Backbench Business — High-cost Credit

Part of the debate – in the House of Commons at 1:21 pm on 5th September 2013.

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Photo of Stella Creasy Stella Creasy Shadow Minister (Home Affairs) 1:21 pm, 5th September 2013

Is my hon. Friend, like me, worried about the evidence that a quarter of payday loans are taken out to pay off other forms of credit—not just other payday loans, but credit cards and other bills? People get caught in a trap and that becomes the only way for them to try to manage the situation.