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CAP the APR charges on credit facilities

Submitted on Thursday 29th November 2012

Rejected on Wednesday 21st June 2017

Current status: Rejected

Rejection code: irrelevant (see below for details)

Petition Action

CAP the APR charges on credit facilities

Additional Information

I would like all APR charges for credit cards, loans, hire purches to be capped to avoid the "debtor" debt to spiral out of control. All payment plans when setup with a creditor should be interest free to pay off there existing debt. This will then help to reduce the bankruptcies or IVA's.


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This petition was rejected

The Government e-Petitions Team gave the following reason:

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18.206.12.31 Thu, 28 Mar 2024 16:37:25 +0000