100 signatures reached
To: Business Secretary/Chancellor
0% interest on all Credit Cards/for 3 months
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Credit Cards Agencies to cut the interest rate to 0% for 3 months ie
give customers 3 months interest free (3 months holiday)
give customers 3 months interest free (3 months holiday)
Why is this important?
This is very important because majority public do not have salaries and are jobless at the moment and have no income coming in but still have to spend on their day to day groceries and daily essentials. A majority of which are paid on credit cards.
Millions of house holds rely on the credit card payments for all necessary items on a daily basis.
Charging interest on their every day essential SPEND is crippling and unethical during this economically trying time.
Majority of the house holds are struggling financially at the moment.
If interest is levied this would help each individual financially to repay back with no interest charged on their credit cards.
At the moment the credit card agencies are giving staggered payment facility BUT CHARGING interest on ALL outstanding balances.
Government has imposed this on high street banks for all BANK CHARGES and similarly this should be done to credit card agencies.
Millions of house holds rely on the credit card payments for all necessary items on a daily basis.
Charging interest on their every day essential SPEND is crippling and unethical during this economically trying time.
Majority of the house holds are struggling financially at the moment.
If interest is levied this would help each individual financially to repay back with no interest charged on their credit cards.
At the moment the credit card agencies are giving staggered payment facility BUT CHARGING interest on ALL outstanding balances.
Government has imposed this on high street banks for all BANK CHARGES and similarly this should be done to credit card agencies.
