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Make credit companies reduce their apr to help people in persistent debt.

Submitted on Thursday 4th February 2021

Rejected on Thursday 11th February 2021

Current status: Rejected

Rejection code: irrelevant (see below for details)

Petition Action

Make credit companies reduce their apr to help people in persistent debt.

Petition Details

I am being forced by my credit company to pay more a month to reduce my balance and yet the company are pocketing more while this happens.

Additional Information

I wish to see these companies reduce thier apr to help their customers whom are in persistent debt instead of forcing the customers to pay more.
I myself have contacted my credit company to request a lower rate and yet find them unwilling to budge on what they call contracted agreement. And yet it is ok for them to increase their charges which goes against the contractual agreement.


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This petition was rejected

The Government e-Petitions Team gave the following reason:

We can't accept your petition because the UK Government and Parliament aren't responsible for the issue you raise. This is a matter for card providers.

You can find information about dealing with credit card debt on sites such as:

www.citizensadvice.org.uk/debt-and-money/borrowing-money/credit-cards/if-youre-struggling-with-credit-card-debt/

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