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Credit Cards

Volume 124: debated on Wednesday 16 December 1987

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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.