'MP says don’t cap interest rates – cap loan costs' blog discussion

Former_MSE_Lee

This is the discussion to link on the back of Martin's blog. Please read the blog first, as this discussion follows it.

Read Martin's "MP says don't cap interest rates - cap loan costs " Blog.

Please click 'post reply' to discuss below.

oakhouse13

"to add a levy on these companies to fund the charity debt advice sector seems relatively sensible."

But ban them also on using the levy in any way to market themselves to consumers as the people who fund the charity Citizens Advice.

Mobeer

"Levy these companies to help debt advisors

"No thanks - we have enough stealth taxes already that were imposed by Labour, no need for current Liberal government to add more.

bobprice101

Stella Creasy makes a very good point about capping the cost of loans rather than the interest, since doing so would be much more easily managed and monitored.
Any strategy to combat the loan shark business is essential for this country to improve for everyone.