Consumers whose finances have suffered due to coronavirus have just a matter of days remaining to apply for an off-the-peg payment deferral on debt they are struggling to pay.
The extended 31 March deadline for applications, as set down by the Financial Conduct Authority (FCA), applies to mortgages, personal loans, credit cards, store cards and catalogue debt.
Help on high-cost, short-term credit such as payday loans, rent-to-own, buy-now-pay-later and pawn broking agreements, also carries the 31 March deadline.
Payment breaks on premiums for car, home and other general protection insurance policies ended in October 2020.
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What are payment holidays?
Payment holidays are generally issued in …
Read the full article at: https://www.forbes.com/uk/advisor/personal-finance/2021/03/26/last-call-for-covid-debt-and-credit-support/