pandemic 2020

Payment holiday requests for people with mortgages, loans or credit cards must be made today

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dailyrecord.co.uk

payment holiday on products such as mortgages, personal loans and credit cards. Eligible customers who have not taken a payment holiday before, and those who have previously had a payment deferral totalling less than six months, only have until Wednesday, March 31 to apply.

Generally, people have until the end of the day on Wednesday to apply, although the exact timing could vary, depending on how customers interact with their lenders.Payment holidays are due to come to an end in July.

The Financial Conduct Authority (FCA) has said previously that as demand for the financial support reduces, lenders will provide a range of tailored support based on customers' individual needs and circumstances.

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