Rejected petition Act Now To End Legal Loan Sharking

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This petition condemns the Government for continuing to delay action on regulating the high-cost credit market and calls on them to introduce caps on the total cost of credit, so that British consumers get the same protection from payday lenders, home credit companies and hire purchase agreement providers as enjoyed by others across the world. Given the evidence of growing numbers of UK consumers getting into debt as a result of these forms of credit we call upon the UK Parliament to act on this matter before Christmas in order to defend British consumers from the legal loan shark industry.

This petition was rejected

Why was this petition rejected?

There’s already a petition about this issue. We cannot accept a new petition when we already have one about a very similar issue.

You are more likely to get action on this issue if you sign and share a single petition.

We only reject petitions that don’t meet the petition standards.

Date submitted 20 October 2011
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