Submitted on Tuesday 1st November 2011
Published on Wednesday 2nd November 2011
Current status: Closed
Closed: Friday 2nd November 2012
Signatures: 11
Tagged with
Banning TV advertising and Limiiting the APR % charged on short term loans
In recent years there has been a spread of loan companies charging interest rates in the region of up to 4,500%APR for short term pay day type loans.These rates and the non payment can soon run out of work teenagers, pensioners and gullible individuals into astronomical debt .I believe there should be a ban on TV advertising and moves to limit the maximum percentage APR on any advertised loan
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3.145.178.240 Thu, 25 Apr 2024 16:14:22 +0100
