10 signatures reached
To: The Prime Minister and Chancellor
Suspend credit card APR rate charges
To use the Government's influence with the financial sector in the current pandemic, to massively reduce or temporarily suspend the APR interest rate charges levied by credit card companies.
Why is this important?
Credit card companies must not be allowed to make money from the pandemic Many people will have taken on credit card borrowing, expecting to pay it off using their regular income, and now have no regular income, or substantially less income, or are being temporarily supported through the benefit system. Every financial avenue needs to be explored to help at this very difficult time. I have seen no sign to date that the financial sector, who have made billions from credit charges over the years, are offering this help and they need to step up now, and do their bit. This help is cross cutting as it impacts the economy, health, and welfare.
