UK Parliament home

Closed Make predatory lenders illegal in the UK

Closed on

We call on the UK Government to take immediate action against predatory lending practices by high-cost short-term credit providers, which can charge extortionate interest rates as high as 1,271% APR.

We urge the Government to introduce a lower cap on interest rates to prevent lenders from charging excessive APRs; ban the advertisement of high-cost loans and credit providers on mainstream media to protect vulnerable consumers and review the role of the FCA in regulating these lenders and ensure it is enforcing stronger consumer protections.

64 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 21 September 2025.