They would be better employed bringing out measures to prevent some of the debt in the first place.
Make a person match a certain criteria before being allowed to possess a credit card.
Re-introduce measures that makes it compulsory for one to put down 50% of the costs in cash first if one wants to purchase certain goods.
Ban all those TV adverts encouraging people to take out loans.
They are forever telling us that smoking is bad for us, drinking is bad for us, and eating certain foods is bad for us. Well debt is bad for you, it can cause suicides, marriage break-ups, and criminal activities.