Early Day Motion·EDM 296

Access to safe and legal credit

8 July 202114 Signatures

Motion Text

That this House recognises the serious harm caused by illegal money lending and a lack of access to safe and legal credit; notes the rise in vulnerable women becoming victims of sexual exploitation and being forced into prostitution by loan sharks; further notes that the demise of the home collected credit market will only see an increase in loan sharks forcing vulnerable women into debt bondage; and supports the preservation of legal and regulated credit for vulnerable people.