Petition MAXIMUM INTEREST RATE ON PAYDAY LOANS

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For too long these lenders have been able to charge whatever rates of interest they like.

C. 5000\% APR is not uncommon

The UK should follow the lead of many other countries and impose a maximum rate of interest on any loan of (say) 30%APR

This petition is closed This petition ran for 6 months

14 signatures

Progress of the petition towards its next target: 14 of 10,000 signatures required to get a government response

10,000 signatures required to get a government response

Date closed 12 November 2014
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