No More Loan Sharks on our High Streets


We the undersigned believe that the clustering of pay day loan companies on many of our high streets is damaging for the local community. Organisations like the Money Shop and Speedy Cash charge customers interest rates of up to 3000% APR if payments are delayed and leave low paid families trapped in cycles of debt repayments. At a time when tax and benefit changes are meaning more low paid families having to resort to ‘legal loan sharks’ to make ends meet, the Government should enforce a cap on the interest rates these companies are able to charge. The Government must also implement Labour’s plans to give local councils and communities real powers to prevent more pay day loan companies opening up on local high streets.

11 signatures

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signed 2017-04-18 10:25:50 +0100
signed 2016-09-04 12:24:34 +0100
posted about this on Facebook 2015-12-21 11:21:03 +0000
Signer la pétition : No More Loan Sharks on our High Streets
@ceciliasmart tweeted link to this page. 2015-12-21 11:20:59 +0000
signed 2015-12-21 11:20:46 +0000
signed 2015-07-28 07:57:44 +0100
I would also like to see the end of these companies being allowed to advertise on television. The interest rates they charge are criminal..
signed 2015-01-07 12:55:16 +0000
Ban them completely
signed 2014-04-10 08:55:58 +0100
signed 2014-04-07 17:43:11 +0100
signed 2013-12-22 11:11:08 +0000
signed 2013-12-09 13:47:53 +0000
signed 2013-12-09 10:50:26 +0000

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