Because the machinery of our credit system is clogged with, among other things, too many regulations.
But it warned that business was not ready for the Universal Credit system, which will replace many state benefits.
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The problem most people have with the credit system is that it does in many cases prey on the ignorant.
The shift to the universal credit system would enable people to work themselves and their families out of poverty, ministers said.
Restoring a healthy growth rate to the country is pushed further out unless we can unlock the seized up credit system.
However, she warned that changes introduced under the Universal Credit system would not help the poorest "strivers" for whom "work doesn't pay".
But shadow minister Stephen Timms said the government had failed to heed warnings about the time needed to create the Universal Credit system.
The tax credit system is exceptionally complicated and this article has only briefly touched on the remedies that are available to someone with an overpayment.
"The tax credit system is complicated, and HMRC will have to overcome significant challenges if it is going to achieve value for money, " he said.
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This is a useful step towards a more market-based credit system.
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These range from the introduction of the Oyster card system on public transport in London, the National Transplant Database and the Pension Service's Pension Credit system.
They started the WIR mutual credit system among themselves, paying each other for goods and services in the currency, instead of succumbing to the worldwide depression.
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They include the Depository Trust Co, which facilitates payment transfers among major banks, as well as several Federal Home Loan Banks and Farm Credit System Banks.
It might also affect the planned new Universal Credit system.
Romney has recently floated the idea of an individual-deduction cap, the savings from which could easily fund a universal health insurance tax-credit system, depending on how the cap was structured.
However, if he or she increases the hours above that level, the family income falls off as the combination of childcare costs and withdrawn support through the tax credit system bites into earnings.
However Labour MP Anne Begg, who sits on the Work and Pensions Select Committee at Westminster, said the government's pension credit system was addressing the issue and "lifting poor pensions out of poverty".
It says the new Universal Credit system should let working parents keep more of their earnings before benefits are withdrawn and urges the government to pay 80% of childcare costs for the poorest families.
Risk equals reward, but now the governments of the world want less of the first and more of the latter and more layers to the failed oversight system that let the credit system bubble and crunch.
Put together an online mall and a credit system such as Zynga, and you could wind up with a retail powerhouse running its own payment system, leaving banks to supply the payment utility but not much else.
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And recognising that as the tax credit system became more developed and more generous, we were better able to target resources on low-income households, we increased the Working Tax Credit and the Child Tax Credit as well as Child Benefit.
Conservative plans to scrap the so-called couple penalty in the tax credit system also appear to have been watered down, with the government document saying it will bring forward plans to "reduce" rather than "end" it, as the Tory manifesto promised.
We're still going to have to have much better financial regulation, we've got to get credit flowing again, we're going to have to deal with the troubled assets that many banks are still carrying and that make the -- that have locked up the credit system.
Mr Speaker, I said that I would look at the administrative practicalities of other options that some Right Honourable and Honourable Members have suggested, including a one-off rebate or compensatory payment as well as changes to the tax credit system to allow the average losses to be offset.
The frugal, who pay in cash, also suffer a net loss from the existing credit card system.
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It added it is confident its credit card system is now secure.
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Payments are moving on to an automated credit transfer system.
For instance, one European bank that operates in several countries has implemented a credit risk management system that enables it to use analytics to improve the pricing of its credit products.
Credit cardholders and issuers have both made changes that brought an excessive system of credit card borrowing and lending back under control.
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