Petition · past parliament
Urge the FCA to cap repayments on rent-to-own and doorstep lending
Closed
1,393 signatures
What the petition asks
The Sun is calling for a cap on the total cost of rent-to-own loans and doorstep lending at double the original item price or loan amount. This was introduced for payday loans in 2015 and the numbers of people struggling with unmanageable debts to those lenders has more than halved.
People on the lowest incomes, living in the poorest places, are paying a poverty premium - around 7 million people have resorted to high-cost credit. People whose wages or benefits don't stretch far enough need to borrow from rent-to-own or doorstep lenders to help pay for things such as an unexpected bill or to furnish their homes. These come with exorbitant rates of interest - more than 1,500% in some cases of doorstep lending.
It's time to stop the credit rip-off.
Timeline
| 22 Mar 2018 | Petition opened for signatures |
| 22 Sep 2018 | Closed to new signatures |
Key facts
Signatures
1,393
Status
Closed
Opened
22 Mar 2018
Closed
22 Sep 2018
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Source: the official petition page. Last checked 15 Jul 2026.