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Top Policy topic #1184

Subject: "Government and lenders joint statement on credit summit " First topic | Last topic
wai fong
                              

Policy & Voice Development Officer, LASA
Member since
20th Jun 2007

Government and lenders joint statement on credit summit
Thu 27-Nov-08 11:50 AM

The Government and industry agreed the following joint text:

The industry agreed that where a not for profit debt advice agency has formally notified that a consumer is in serious discussion with that agency on a draft debt repayment plan then the credit card company will suspend collections activity whilst these discussions continue provided that they are concluded within 30 days, with the option of extending a further 30 days subject to demonstrable progress being made but not yet concluded.

http://nds.coi.gov.uk/Content/Detail.asp?ReleaseID=385661&NewsAreaID=2


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Steve Johnson
                              

Manager, Walthamstow CAB
Member since
24th Oct 2005

RE: Government and lenders joint statement on credit summit
Fri 28-Nov-08 03:12 PM

I wonder what 'serious discussion' means?

  

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Top Policy topic #1184First topic | Last topic