Sample EDM Letter to UK MPs

Example of a letter inviting your MP to consider supporting EDM 1194 [Date] Your name Your address [Name of Member of Parliament] House of Commons London SW1A 0AA Dear [Name of Member of Parliament] Please support EDM 1194 for fair payday loan APRs I would be grateful if you would consider supporting the Early Day Motion 1194 tabled by the Member for Leeds North West – Greg Mulholland – on 29 March 2010. The EDM – ‘2,356percent payday loans campaign' – calls on the Government and appropriate regulatory authorities to take steps to ensure that borrowers in the UK are afforded the kind of standards of fair treatment that the Financial Services Authority insists consumers should expect from financial services providers operating in the UK savings and investments market. Despite the UK continuing to count the cost of irresponsible sub-prime lending and inappropriate borrowing, payday loans are currently being advertised on daytime TV at typical annual percentage rates of 2,356 percent (Quickquid.co.uk) and 2,689 per cent (Wonga.com). These rates suggest that loan-shark style lending rates are migrating from the doorstep to the computer desktop. As an interim measure, the EDM calls for the Government to cap interest rates for sub-prime personal lending products and – in the medium to long-term – encourage and promote the conditions necessary for social enterprises, such as credit unions, to create an alternative for consumers in need to turn to. Please consider supporting the EDM. Yours sincerely, [Your signature]

Sample EDM Letter to UK MPs

by 2356 Percent on Mar 30, 2010

Accessibility

Categories

Tags

Upload Details

Usage Rights

1 Embed 9

Statistics

Sample EDM Letter to UK MPs — Document Transcript