Submitted on Thursday 4th August 2011
Rejected on Wednesday 21st June 2017
Current status: Rejected
Rejection code: no-action (see below for details)
High percentage money lenders
Companies are offering short term lending to people in financial difficulty at extortionately high interest rates of around 1734% ( compared typically to around 7 to 20% from banks and credit cards). Whilst it is true these loans are meant to operate on very short time scales, they are still presenting a very serious danger of getting into large debt very quickly. Should this practice be allowed?
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The Government e-Petitions Team gave the following reason:
188.8.131.52 Wed, 23 Jun 2021 09:49:18 +0100