All Petitions and Economics and finance06 Jun 2007 12:00 am
We, the undersigned, petition the Prime Minister to Cap the rate of interest (APR %) that any bank or financial services company offer on unsecured loans
The amount of interest payable on unsecured lending today can be huge. I would like to see the rate capped at 10% above the Bank of England base rate. Some lenders, especially in the sub prime market, seem to charge what ever they want to. This again amounts to rip-off Britain !
This petition closed on Wednesday 6 June 2007 without having attracted any support at all. The creator was left in a minority of one. Here’s your chance to comment on this petition.