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Excessive Interest Rates For Personal Loans

EDM number 22 in 2008-09, proposed by Phil Willis on 03/12/2008.
Categorised under the topics of Financial services and Loans.

That this House deplores the unscrupulous money lending of firms such as Provident Personal Credit, Mobile Money Ltd and Shopacheck Financial Services who charge 365.1 per cent., 378.3 per cent. and 440.3 per cent. APR respectively on relatively small personal loans; is deeply concerned that these companies often target less affluent and vulnerable households on the approach to Christmas and at times of severe financial hardship; and calls on the Government to take all necessary steps to regulate money lenders and to outlaw excessive interest rates by placing an upper limit on the level of interest that can be charged on all personal loans.

This motion has been signed by a total of 70 MPs, 1 of these signatures have been withdrawn.

MPDateConstituencyPartyType
Phil Willis03/12/2008Harrogate and KnaresboroughLiberal DemocratProposed
John Grogan03/12/2008SelbyLabourSeconded
Bob Spink03/12/2008Castle PointIndependentSeconded
Andrew George03/12/2008St IvesLiberal DemocratSeconded
Paul Rowen04/12/2008RochdaleLiberal DemocratSeconded
Lynne Jones04/12/2008Birmingham, Selly OakLabourSeconded
Paul Holmes04/12/2008ChesterfieldLiberal DemocratSigned
David Taylor04/12/2008North West LeicestershireLabourSigned
Paul Truswell08/12/2008PudseyLabourSigned
Mark Hunter08/12/2008CheadleLiberal DemocratSigned
Mark Williams08/12/2008CeredigionLiberal DemocratSigned
Stephen Williams08/12/2008Bristol WestLiberal DemocratSigned
Dan Rogerson08/12/2008North CornwallLiberal DemocratSigned
John Leech08/12/2008Manchester, WithingtonLiberal DemocratSigned
Betty Williams08/12/2008ConwyLabourSigned
Robert Wareing08/12/2008Liverpool, West DerbyIndependentSigned
Mike Hancock08/12/2008Portsmouth SouthLiberal DemocratSigned
Ann Cryer08/12/2008KeighleyLabourSigned
Bob Russell08/12/2008ColchesterLiberal DemocratSigned
Evan Harris08/12/2008Oxford West and AbingdonLiberal DemocratSigned
Kelvin Hopkins08/12/2008Luton NorthLabourSigned
Elfyn Llwyd08/12/2008Meirionnydd Nant ConwyPlaid CymruSigned
John McDonnell08/12/2008Hayes and HarlingtonLabourSigned
Alan Meale08/12/2008MansfieldLabourSigned
Annette Brooke08/12/2008Mid Dorset and North PooleLiberal DemocratSigned
Jeremy Corbyn08/12/2008Islington NorthLabourSigned
Paul Flynn08/12/2008Newport WestLabourSigned
Mark Durkan09/12/2008FoyleSocial Democratic and Labour PartySigned
Andrew Stunell09/12/2008Hazel GroveLiberal DemocratSigned
Hywel Williams09/12/2008CaernarfonPlaid CymruSigned
Jim Devine09/12/2008LivingstonLabourSigned
Dai Davies10/12/2008Blaenau GwentIndependentSigned
Willie Rennie10/12/2008Dunfermline and West FifeLiberal DemocratSigned
Jo Swinson10/12/2008East DunbartonshireLiberal DemocratSigned
Janet Dean10/12/2008BurtonLabourSigned
Michael Clapham10/12/2008Barnsley West and PenistoneLabourSigned
William McCrea10/12/2008South AntrimDUPSigned
Martin Caton10/12/2008GowerLabourSigned
David Simpson10/12/2008Upper BannDUPSigned
Nick Harvey10/12/2008North DevonLiberal DemocratSigned
John Pugh11/12/2008SouthportLiberal DemocratSigned
Brian Jenkins11/12/2008TamworthLabourSigned
Edward O'Hara11/12/2008Knowsley SouthLabourSigned
Nigel Dodds11/12/2008Belfast NorthDUPSigned
Neil Gerrard11/12/2008WalthamstowLabourSigned
John Battle11/12/2008Leeds WestLabourSigned
John Hemming11/12/2008Birmingham, YardleyLiberal DemocratSigned
Denis Murphy15/12/2008WansbeckLabourSigned
Rudi Vis15/12/2008Finchley and Golders GreenLabourSigned
David Anderson15/12/2008BlaydonLabourSigned
John Mason15/12/2008Glasgow EastScottish National PartySigned
George Galloway16/12/2008Bethnal Green and BowRespectSigned
Bill Etherington16/12/2008Sunderland NorthLabourSigned
Gregory Campbell16/12/2008East LondonderryDUPSigned
Frank Cook16/12/2008Stockton NorthLabourSigned
Eric Illsley16/12/2008Barnsley CentralLabourSigned
David Heyes16/12/2008Ashton-under-LyneLabourSigned
Tom Brake17/12/2008Carshalton and WallingtonLiberal DemocratSigned
Paul Burstow18/12/2008Sutton and CheamLiberal DemocratSigned
David Hamilton12/01/2009MidlothianLabourSigned
Marsha Singh13/01/2009Bradford WestLabourSigned
Greg Pope14/01/2009HyndburnLabourSigned
Adam Price26/01/2009Carmarthen East and DinefwrPlaid CymruSigned
Norman Baker03/02/2009LewesLiberal DemocratSigned
Alasdair McDonnell11/02/2009Belfast SouthSocial Democratic and Labour PartySigned
Eddie McGrady23/02/2009South DownSocial Democratic and Labour PartySigned
Richard Younger-Ross23/02/2009TeignbridgeLiberal DemocratSigned
Andy Reed05/03/2009LoughboroughLabourSigned
Simon Hughes11/11/2009North Southwark and BermondseyLiberal DemocratSigned
John BercowUnknownWithdrawn

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