Debt Management Plans

Part of the debate – in Westminster Hall at 12:48 pm on 5 July 2011.

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Photo of Gordon Banks Gordon Banks Labour, Ochil and South Perthshire 12:48, 5 July 2011

The Minister talks about ensuring that creditors get the best advice. Many of the major lenders fund debt management processes through Payplan, for example. Is there any mileage in making the main funders of an organisation such as Payplan, which could be the major creditor of someone entering a debt management plan, have a role in guiding someone from a fee-paying to a non-fee-paying organisation?