UK Parliament home

This petition was submitted during the 2019 to 2024 Parliament

View other petitions from this Parliament

Closed Ban the advertisement of high cost debt - 12 percent plus base rate

Closed on

We call for legislation which bans all advertising - physical, online, media - of high cost debt (incl. but not limited to loans, credit cards, store cards, buy now pay later schemes). Predatory financial companies see the cost of living crisis as an opportunity to sell unnecessary debt.

Through advertising, banks associate debt with happy outcomes. They use terms such as 'affordable finance', 'simple monthly payments' and suggest it is about 'control'.

In reality, debt can lead to loss of control and cause financial instability. It can lead to poverty, homelessness and family breakdown.

As a young man, I spent 12 years fighting banks in court to keep our family home - I don’t want others to experience that pain.

The Government should prevent the promotion of high interest debt.

741 signatures

Show on a map

10,000

Petition progress

View all updates for this petition, with the most recent first.

  • Petition closed

  • Petition published

    This petition can now be signed.

    If this petition gets 10,000 signatures, government will respond to it.

    If this petition gets 100,000 signatures, it will be considered for debate in Parliament.

    This petition will stay open until 23 November 2022.