Tuesday, 7 June 2011

Get MPs to Support the Consumer Credit Regulation (Regulation and Advice) Bill

There will be people mailing their MPs about this all the time, but there is a concerted email effort being carried out on the 10th June 2011 Lobbying MPs.

This event is to ask your MPs to support the bill to limit interest rates on legal lending services.... 

The Example email/letter is below: 

Dear (insert name of MP)

PLEASE I Ask that you support the Consumer Credit (Regulation and Advice) Bill.

I would like to draw your attention to the above Bill that has been brought in by Stella Creasey MP and other polticians who are deeply concerned about some of the crippling interest rates used by Legal credit agencies and the shops that offer credit terms for goods with unfairly high interest rates.

I would welcome greater involvement by the councils to control the number of buildings used by credit agencies and would also welcome the use of Post Offices to offer financial services which provide fair credit products to the consumer.

My reasons for asking you to support this bill comes from a range of observations of people who live in the local vicinity and comments I hear within my community. Many people, most of which live on the breadline, use these kinds of services for essential items or bridging finance, but then find that the repayments increase their hardship. The Services arent enabling, they are financially disabling further people who cant afford it.

(((((((((You could insert an example of how it has affected someone here))))))))

I would therefore request that you consider giving your support to this bill and in doing so, help those who live in poverty receive a fairer deal in connection with financial products such as those mentioned. I also feel that by supporting this bill, you may be helping people to fight against, what I believe to be, predatory lending.

Yours sincerely,

Name and address.

Send this to your MP to ask for support for the bill to stop people getting ripped off who cant really afford it. 

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