Petition Banning TV advertising and Limiiting the APR % charged on short term loans

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In recent years there has been a spread of loan companies charging interest rates in the region of up to 4,500%APR for short term pay day type loans.These rates and the non payment can soon run out of work teenagers, pensioners and gullible individuals into astronomical debt .I believe there should be a ban on TV advertising and moves to limit the maximum percentage APR on any advertised loan

This petition is closed This petition ran for 6 months

11 signatures

Progress of the petition towards its next target: 11 of 10,000 signatures required to get a government response

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10,000 signatures required to get a government response

Date closed 2 November 2012
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