Submitted on Monday 11th March 2013
Rejected on Wednesday 21st June 2017
Current status: Rejected
Rejection code: duplicate (see below for details)
Restrict Interest Rates on Pay-Day Loans
An Interest Rate Restriction Should be Introduced for Pay-Day Loans.
The up-take on these loans is primarily from people who do not understand, when they first take out the loan, how the interest rates will affect them if they do not repay the loan in full at the end of the term agreed.
Some companies' loans incur Interest rates of over 4,000% APR; these rates are usurious and should be capped.
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The Government e-Petitions Team gave the following reason:
There's already a petition about this issue. We cannot accept a new petition when we already have one about a very similar issue.
You are more likely to get action on this issue if you sign and share a single petition.
3.142.200.226 Thu, 25 Apr 2024 15:39:57 +0100
