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Stop banks to change high interest charges on overdrafts and credit cards

Submitted on Saturday 28th March 2020

Rejected on Friday 24th April 2020

Current status: Rejected

Rejection code: duplicate (see below for details)

Petition Action

Stop banks to change high interest charges on overdrafts and credit cards

Petition Details

Government to set regulations for banks to place interests rates to a maximum that can be affordable to people for debts to be repaid.

Additional Information

I am a single parent - I work full time but the salary is not sufficient to reach month end. All bills increase yearly and still banks continue to also increase their interests level to (now) 40% for overdrafts and credit cards. Impossible to repay any debt, and risking families to declare bankruptcy. Banks care only for their financial greedy games - people are living in despair. Please reach an agreement with banks to stop charging so much and introduce further regulations to help people.


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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.

You may wish to sign this petition calling for the same action: petition.parliament.uk/petitions/304268

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The Government has also created an online service to help you out what you can do if you’re struggling because of coronavirus: www.gov.uk/find-coronavirus-support

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You can read impartial analysis of the Government response to coronavirus and policy developments here:
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You may also be interested to know that because of the large number of petitions that have been started in relation to coronavirus, the Petitions Committee has been questioning the Government about its response to the coronavirus outbreak.

Find out more and watch the Committee put questions suggested by petitioners to Government Ministers and the Deputy Chief Medical Officer: committees.parliament.uk/committee/326/petitions-committee/news/145767/committee-question-deputy-chief-medical-officer-and-ministers-on-coronavirus-response/

Read letters asking further questions of Government Ministers: committees.parliament.uk/committee/326/petitions-committee/publications/3/correspondence/

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