STOP THE CREDIT RIP-OFF CAMPAIGN

Early day motion 1152, tabled 29 March 2018 by Robert Halfon (Conservative). Signed by 8 members.

That this House is aware of the Stop The Credit Rip-Off campaign, led by The Sun; notes that around seven million households turned to high-cost credit such as doorstep lenders or rent-to-own firms in 2017; further notes that the vast majority of those turning to such credit schemes are on the lowest incomes; is appalled to learn that those turning to high-cost credit providers can easily end up paying back more than double the amount that they borrow; and therefore urges the Government to support the campaign and to stop millions of families falling prey to doorstep and legal high street loan sharks.

Signatures by party: Conservative 4, Scottish National Party 2, DUP 1, Labour 1.