To ask the Chancellor of the Duchy of Lancaster if he has any figures on the number of non-payments of debts incurred through the use of credit cards; and if he will make a statement.
No. The credit statistics published by my Department do not identify numbers of individuals encountering debt problems incurred through the use of credit cards. However, I understand that from figures produced by the major credit card companies that about 1 per cent. of their customers encounter long-term difficulties in repayment.