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STOP HIGH INTEREST LOAN COMPANIES - ONLY HITS THE POOR.

Submitted on Wednesday 6th March 2013

Rejected on Wednesday 21st June 2017

Current status: Rejected

Rejection code: duplicate (see below for details)

Petition Action

STOP HIGH INTEREST LOAN COMPANIES - ONLY HITS THE POOR.

Additional Information

WE THE UNDERSIGNED WANT AN END TO `ALL` LOAN SHARKS LEGAL OR NOT, THEY ONLY `HIT` THE POOR EVEN MORE, THERE SHOULD BE A MAX ON APR OF SAY 50%, THEY MUST NOT MAKE IT SOUND GREAT FOR THE POOR WHO VERY OFTEN `DO NOT KNOW WHAT THEY ARE SIGNING` AND DO NOT TAKE ADVICE, THE GOVERMENT ONLY WENT HALF WAY ON LOAN SHARKS AND FAILED TO SET STRICT RULES ON THE LEGAL ONES WHO MAY CHARGE MORE WITH DEFAULTS THAN THE BACK STREET ONES.

IT MUST BE A VERY PROFITABLE WAY OF RIPPING PEOPLE OFF BY THE AMOUNT THERE ARE TODAY, GOVERMENT GET YOUR ACT TOGETHER AND DO THINGS PROPERLY INSTEAD OF STOPPING ONE AND CREATING ANOTHER SOURCE WHICH IS LEGAL.

PROTECT THE POOR WHO ARE SUFFERING DUE TO THE STATE OF THE COUNTRY.

LETS TRY TO GET THIS BAD PRACTICE STOPPED ONCE AND FOR ALL, THESE COMPANIES ARE MAKING A FORTUNE EVERY WEEK.


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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.

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