Name: Financial relief extended for consumer credit customers
SKU: 8671
Price: 32.00 GBP
Availability: InStock

Financial relief extended for consumer credit customers

£32.00

This 815-word blog post discusses the Financial Conduct Authority’s proposals to continue an earlier package of support for borrowers with some consumer credit products. The article also looks at what support will be offered to consumer credit customers who are struggling financially due to the coronavirus crisis.

Written on 22 June 2020.

Your purchase gives you rights to publish this blog post on your IFA, financial planner or wealth manager website blog, news or insights page, along with access to the text of the blog post to copy and paste into your blog. You can publish this blog as written or edit it before publishing, and you can post it under your name.

Category: Personal Finance.

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Consumer credit customers who are struggling financially due to the coronavirus crisis will receive further support from lenders.

Financial services regulator the Financial Conduct Authority (FCA) has shared proposals to continue an earlier package of support for borrowers with some consumer credit products.

For borrowers who have not yet requested a payment freeze or an arranged interest-free overdraft of up to £500, the deadline for applying will be extended to 31st October 2020.