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This petition is now closed, as its deadline has passed.
We the undersigned petition the Prime Minister to cap the extortionate rates of interest payday loan companies can charge. More details
Submitted by Anne Carty – Deadline to sign up by: 01 December 2009 – Signatures: 36
More details from petition creator
Payday Loan companies are loan sharks who prey on vulnerable people who are desperate. They often charge in excess of 1000% APR and create a cycle of debt that it is nearly impossible to get out off. In some states in the US the interest that these companies is allowed to charge is capped and companies must allow people who "rollover" their loan 4 times to pay back in 4 equal installments without interest. This should be applied throughout the UK.
Current signatories
Anne Carty, the Petition Creator, joined by:
- Dave Phillips
- John Holden (petitions.pm.gov.uk/Thereisnogod)
- John Duck
- John Talbot
- Abdullah Rhodes-Taylor
- Dominic Evans
- Mr Partis (petitions.pm.gov.uk/NHS-dentists4all/)
- gary millard
- Jayesh Ramaiya
- John Delacour
- Simon Moore
- Susan Caraccio
- Gemma Sands
- Adam Mills
- m harris
- S Oram
- Pat Brown
- Peter Henriques
- M Brown
- David Brown
- Joern W. Hopp
- Jane Smith
- Lesley Henderson
- Robert Ward
- Scott Wain
- Audenzio Bonura
- gordon kinsella
- Paul Keegans
- Joanna Bennett
- MATTHEW HART
- Louise Fleming - 1000% is way too generous, the maximum should be linked to the base rate
- Alexandra Ross
- Syed
- alan marshall
- e shepherd
