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Re-set the credit rating of everyone in the UK

Submitted on Sunday 28th October 2012

Rejected on Wednesday 21st June 2017

Current status: Rejected

Rejection code: irrelevant (see below for details)

Petition Action

Re-set the credit rating of everyone in the UK

Additional Information

The banks caused the credit crunch and as a result of that, millions of people have ended up with credit scores that are much worse than they would have been if the banks had not caused the credit crunch. Those banks are now using those same scores to refuse credit applications by UK citizens. THE GOVERNMENT SHOULD FORCE CREDIT AGENCIES TO RESET EVERY UK CITIZENS CREDIT RATING, IN ORDER TO GIVE THEM AN EQUAL CHANCE OF PROSPERING. LENDING WOULD INCREASE, THE ECONOMY WOULD START MOVING AGAIN AND BAD PAYERS WOULD EVENTUALLY BE THE ONLY ONES THAT ARE RIGHTLY MARKED DOWN BY THE CREDIT REFERENCE AGENCIES. GOOD PAYERS WILL AGAIN BE ABLE TO OBTAIN CREDIT AND BETTER MAINTAIN THEIR FINANCIAL STATUS IN SOCIETY.


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This petition was rejected

The Government e-Petitions Team gave the following reason:

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