Submitted on Tuesday 8th November 2016
Rejected on Tuesday 15th November 2016
Current status: Rejected
Rejection code: no-action (see below for details)
I want Governmet to stop loan companies charging 1294.1% Apr and advertising it.
I saw a company called QuickQuid on TV. They were charging well over 1000%+ Apr for loans. Some companies charge much more. I want the government to intervene and limit the annual percentage rate (Apr) to 100% Apr including any charges and fees as they promised.
https://www.lendingstream.co.uk/LPLS/quickquid-loans/?gah_source=google&gah_medium=cpc&gah_campaign=(C)QuickQuid+(BMM)(A)Quickquid+(BMM)(K)%252Bquickquid&gah_matchtype=b&gah_network=g&gah_mobile=Yes&gah_search=Yes&gah_content=&gah_id=65641731585&gah_keyword=%252Bquickquid&gah_placement=&gah_adpos=1t1&gclid=CI_699X1mdACFSQz0wodRW8IIA&gclsrc=aw.ds
You can't sign this petition because it was rejected. But you can still comment on it here at Repetition.me!
The Government e-Petitions Team gave the following reason:
There is already a cap on high-cost, short-term credit (often known as payday loans). You can find out more about this here:
www.the-fca.org.uk/firms/price-cap-high-cost-short-term-credit
This cap is the responsibility of the Financial Conduct Authority, not the UK Government or Parliament.
18.118.162.8 Sun, 24 Nov 2024 16:10:43 +0000
