PETITIONClosedPetition · petition.parliament.uk
Make predatory lenders illegal in the UK
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.
Last fetched 03 May 2026 · petition.parliament.uk
Signatures
64
signatures
Government response threshold (10,000) · 64/10,000
Debate threshold (100,000) · 64/100,000
Background
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.