To: Rt Hon Philip Hammond

Cap personal Loan's to 100% APR

Please CAP consumer credit lending to a maximum of 100% APR and protect communities.

Why is this important?

Toxic consumer lending rates of over 1000% APR are like loan sharks.
Imagine your 19 year old relative, he works part-time, borrows £500 to buy a trending fashion item; a toxic 1,000% APR pay-day loan would mean in a year he'd repay £5,500.

Of-course it will be advertised very cleverly to attract him to borrow and over a shorter time.

A Cap in consumer lending APR % to 100% protects vulnerable consumers and is fair.

Governments duty is to protect everyone, laws stop toxins polluting our rivers, we need laws to stop toxic APR rates polluting our communities.