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http://www.cml.org.uk/cml/filegrab/L...s.pdf?ref=6507
Most of these are set out above. However in summary:
•
any change which would make lenders and therefore borrowers focus on unsecured debt will
have an impact on secured debt – this is not regarded as helpful to consumers at a time when
government is focussing on keeping people in their homes;
•
the proposals will make it easier for debtors to avoid their obligations; and
•
there will either be an increase in bad (irrecoverable) debt or in write offs
We strongly object to the proposals and ask the government to seriously reconsider its position on
this.
Most of these are set out above. However in summary:
•
any change which would make lenders and therefore borrowers focus on unsecured debt will
have an impact on secured debt – this is not regarded as helpful to consumers at a time when
government is focussing on keeping people in their homes;
•
the proposals will make it easier for debtors to avoid their obligations; and
•
there will either be an increase in bad (irrecoverable) debt or in write offs
We strongly object to the proposals and ask the government to seriously reconsider its position on
this.
