Make credit companies reduce their apr to help people in persistent debt.

Rejected 12 signatures

What the petition asks

I am being forced by my credit company to pay more a month to reduce my balance and yet the company are pocketing more while this happens.

I wish to see these companies reduce thier apr to help their customers whom are in persistent debt instead of forcing the customers to pay more.
I myself have contacted my credit company to request a lower rate and yet find them unwilling to budge on what they call contracted agreement. And yet it is ok for them to increase their charges which goes against the contractual agreement.

Why it was rejected

It asked for something that is not the responsibility of the UK Government or Parliament.

We can't accept your petition because the UK Government and Parliament aren't responsible for the issue you raise. This is a matter for card providers.

You can find information about dealing with credit card debt on sites such as:

https://www.citizensadvice.org.uk/debt-and-money/borrowing-money/credit-cards/if-youre-struggling-with-credit-card-debt/

Timeline

4 Feb 2021	Petition opened for signatures
11 Feb 2021	Rejected by the Petitions Committee

Key facts

Signatures 12

Status Rejected

Rejected 11 Feb 2021

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