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Interest-Free Credit

Volume 203: debated on Monday 10 February 1992

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To ask the Secretary of State for Trade and Industry what concerns have been expressed to his Department in relation to the advertising of interest-free credit; how many complaints about the advertising of interest-free credit have been received by his Department; and if he will make a statement.

[holding answer 4 February 1992]: The National Consumer Council and the Consumers Association are concerned that advertisements for interest-free credit should include information about repayments. In the last year there have been no complaints about such advertisements. I shall give careful consideration to the views on interest-free credit which have been expressed in reply to the consultation document "Revised Proposals on Credit Marketing".