Problem debt report
This report reviews problem debt and how it affects consumers� decisions about the goods and services they buy.
Documents
Details
»Ê¹ÚÌåÓýapp Competition and Markets Authority (CMA) conducted a project to review how problem debt affects consumersâ€� decisions and choices about the goods and services they buy. »Ê¹ÚÌåÓýapp project also looked at whether the UK’s consumer protection bodies should take additional action in this area.
»Ê¹ÚÌåÓýapp report was commissioned by the Consumer Protection Partnership (CPP).
»Ê¹ÚÌåÓýapp report highlights 4 important ways that consumer bodies can tackle problem debt:
- supporting financial capability
- providing early debt advice
- undertaking further consumer behaviour research
- pursuing enforcement and compliance
More information on this project is in the accompanying press release ‘CMA concludes review of problem debt�.