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Volume 489: debated on Thursday 19 March 2009

To ask the Minister of State, Department for Business, Enterprise and Regulatory Reform what recent estimate he has made of the number of individuals with debt management plans. (263495)

[holding answer 13 March 2009]: Because a debt management plan (DMP) is an informal agreement between a debtor and his creditors consequently there is no official record of their numbers. There is a multiplicity of both public and private sector providers in this area, but in view of the scarcity of information available, no attempt has been made to estimate numbers.

The Consumer Credit Counselling Service, the biggest provider of DMPs in the third sector, set up 12,500 DMPs in the first six months of 2008 and are due to publish their full 2008 figures later this month.