Rejected petition STOP HIGH INTEREST LOAN COMPANIES - ONLY HITS THE POOR.

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WE THE UNDERSIGNED WANT AN END TO `ALL` LOAN SHARKS LEGAL OR NOT, THEY ONLY `HIT` THE POOR EVEN MORE, THERE SHOULD BE A MAX ON APR OF SAY 50%, THEY MUST NOT MAKE IT SOUND GREAT FOR THE POOR WHO VERY OFTEN `DO NOT KNOW WHAT THEY ARE SIGNING` AND DO NOT TAKE ADVICE, THE GOVERMENT ONLY WENT HALF WAY ON LOAN SHARKS AND FAILED TO SET STRICT RULES ON THE LEGAL ONES WHO MAY CHARGE MORE WITH DEFAULTS THAN THE BACK STREET ONES.

IT MUST BE A VERY PROFITABLE WAY OF RIPPING PEOPLE OFF BY THE AMOUNT THERE ARE TODAY, GOVERMENT GET YOUR ACT TOGETHER AND DO THINGS PROPERLY INSTEAD OF STOPPING ONE AND CREATING ANOTHER SOURCE WHICH IS LEGAL.

PROTECT THE POOR WHO ARE SUFFERING DUE TO THE STATE OF THE COUNTRY.

LETS TRY TO GET THIS BAD PRACTICE STOPPED ONCE AND FOR ALL, THESE COMPANIES ARE MAKING A FORTUNE EVERY WEEK.

This petition was rejected

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Date submitted 6 March 2013
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