MAXIMUM INTEREST RATE ON PAYDAY LOANS
For too long these lenders have been able to charge whatever rates of interest they like.
C. 5000\% APR is not uncommon
The UK should follow the lead of many other countries and impose a maximum rate of interest on any loan of (say) 30%APR
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Currently ranked 21,334 out of 106,455 petitions ever created.
Monday 11 November 2013
Wednesday 12 November 2014