All credit card and loan providers should cut down interest rates to 0% in lockdown

All credit card and loan providers should cut down interest rates to 0% in lockdown

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Syed Raza started this petition to UK Parliament

In this lock down period, all credit card providers and loan providers are charging the same interest rates, in my case one of them is 39.9 percent. I think that the government should enforce 0 percent or if not atleast half. Because if we do not pay, we end up on the wrong side of credit history and if we do not have enough funds our banks would charge us extra for this as well. HM Government should help in this regards as Bank of England has cut down the interest rates, this hould be reflected in the commercial Banking sector as well.

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At 200 signatures, this petition is more likely to be featured in recommendations!