There is no such thing as good or bad debt.
In other words, the more they try to cut, the worse public debt will be.
But when bad debts get written off, someone has to take a loss.
The group made a £597m charge to cover possible bad debts.
Being able to do this may be the only factor standing between you and a bad debt.
The total amount of bad debt at the nation's financial institutions has not actually changed much.
Somebody will have to pay to keep things running, and more bad debt is one solution.
Just a matter of trying to settle a bad debt.
Last year bad debts cost a million pounds a day.
"And Lord knows when bad debt is going to go down."