Debt Collection
The question
To ask the Chancellor of the Exchequer, if she will bring forward legislative proposals to (a) debt collecting companies to wait for decisions of appeal courts before taking action and (b) otherwise require improve the regulation of debt collection practices.
Answered by Tulip Siddiq
The Government expects fair treatment of individuals in debt and recognises the important role of responsible practices for debt recovery. We likewise recognise the negative impact that aggressive pursuit of debt can have on individuals, particularly where court action is involved.
The Government remains committed to improving debt collection practices across sectors and supporting individuals in financial difficulties relating to debt more broadly. While there are already a number of regulations and guidelines in place, we will continue to monitor the sector closely and engage with stakeholders to ensure that regulation keeps pace with changing circumstances.
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