OFT Consumer Credit Review

CAS welcomes the opportunity to respond to the Office of Fair Trading’s (OFT) review of consumer credit. Scottish citizens advice bureaux report cases on all aspects of consumer lending, and it is an important area of concern for clients in the current economic set of circumstances. In 2006/07, 91,475 new debt issues were brought to Scottish bureaux – an increase of 4% on the previous year. This represents more than 250 debt issues brought to Scottish bureaux each day of the year. Consumer debt remains by