Please support the campaign to put an end to legal loan-sharking

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I've supported the campaign to put an end to legal loan sharking - where door step lenders give small cash loans at rates of interest in the hundreds and sometimes thousands of percent calculated in apr terms - for a long time.

It's good to note in that case that on 3 February, the House of Commons will vote on whether to support the introduction of a series of caps on the amount that payday and home credit lenders can charge for credit.

The motion has gained widespread cross-party support from MPs who recognise that the Government has a duty to intervene in the high-cost credit market, which is uncompetitive and often exploitative.

If enough MPs turn up on 3 February and vote for the motion, it will send a clear message to the Government that they need to act. You can take action ti support this. Pleas do so by clicking here and help stop this shady end of the banking world.


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