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Prevention of extortionately high interest rates to protect the vulnerable, unable to afford or understand the consequences of such loans and HP

Submitted on Thursday 1st September 2011

Rejected on Wednesday 21st June 2017

Current status: Rejected

Rejection code: duplicate (see below for details)

Petition Action

Prevention of extortionately high interest rates to protect the vulnerable, unable to afford or understand the consequences of such loans and HP

Additional Information

A call to protect our society against extortionately high interest rates charged on loans or HP arrangements, often hidden in small print. To press the case for a reasonable cap on such rates charged by companies and much clearer messaging for consumers to understand.

It is often to most needy, vulnerable and poorer members of our society who are pressed into taking on such unfair arrangements.


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This petition was rejected

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.

Have your say on this petition!

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