Submitted on Monday 5th January 2015
Published on Thursday 8th January 2015
Current status: Closed
Closed: Monday 30th March 2015
Signatures: 3
Cap the amount of interest Pay Dayloans can charge.
A cap on how much Pay Day Loan or any small/short term loan companies can charge.
I.e. Satsuma Loans charges 794% Interest and many others are incredibly high. I.e. borrowing £1000 from this company alone would incur £7940 on top of the original amount borrowed. Legalised loan sharks.
A maximum of 40% of interest is more than enough.
This cap should be implemented to stop people getting into debt or even further inescapable debt.
You can't sign this petition because it is now closed. But you can still comment on it here at Repetition.me!
3.149.244.92 Thu, 26 Dec 2024 07:38:26 +0000
