Submitted on Friday 11th October 2019
Rejected on Wednesday 16th October 2019
Current status: Rejected
Rejection code: no-action (see below for details)
Change the low consumer credit act 1975, other acts what is against the consumer
I took a personal loan from the Nationwide Bank and in terms and condition they told me I can't make an investment, I can't buy the house or land, financial institutions they are tell you watt to do with them. I believe are conflicts of interest between financial institution and Government
Low consumer act 1975 and other acts. Terms and conditions from financial institutions who use these laws seeking to control your money:
https://www.nationwide.co.uk/support/support-articles/terms-and-conditions/personal-loans-terms-and-conditions
I called and applied to others and they have the same conditions involved low consumer credit act 1975 and others acts.
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The Government e-Petitions Team gave the following reason:
Petitions need to call on the UK Government or Parliament to take a specific action.
We understand that you are concerned about terms in the consumer credit act 1975, but we're not sure exactly how you'd like the law to change.
You could start a new petition explaining clearly what you would like the Government or Parliament to do.
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