Trade and Industry written question – answered at on 17 November 2003.
To ask the Secretary of State for Trade and Industry if she will take steps to prevent companies from using the same home visiting personnel both to sell loans and collect debts.
The practice of one agent both selling loans, and collecting the payments due, is extensively used in the doorstep lending sector. This practice has not been shown to be inconsistent with either fair dealing or responsible lending and there is some evidence that it is valued by many consumers. I therefore do not intend to take any action in this matter.
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No0 people think not
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