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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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Signatories

14

Currently ranked 20,963 out of 103,824 petitions ever created.

Diversity index: 100%

Status

Closed

Created By

Roger Moore

Created On

Monday 11 November 2013

Closing Date

Wednesday 12 November 2014

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