Submitted on Thursday 8th May 2014
Published on Friday 9th May 2014
Current status: Closed
Closed: Sunday 9th November 2014
Signatures: 2
Maximum costs for loans
With the bank of england base rate at 0.5%
The government should introduce a legally enforce able maximum repayment on all loans of twice the amount borrowed over 12 months and that this includes all fees,fines, interest, etc.
E.g. If you borrow £1000 (the amount given to you) then the total maximum that you can legally be made to payback is £2000 over a 12 month period, this would also include any rollup loans, etc.
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3.148.112.15 Wed, 25 Dec 2024 19:51:11 +0000
