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unclebulgaria67

FCA announce measures to help people struggling with their finances as a result of coronavirus.

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From interest-free overdrafts to credit card payments, the FCA has told banks to help borrowers during coronavirus crisis: What will it mean for you?

  • The FCA said banks must offer interest-free overdraft buffers of £500
  • It also said people could put their credit card repayments on hold for 3 months
  • This would not affect their credit score but they would still be charged interest
  • This is Money explains what the proposals mean for consumers  

 

https://www.dailymail.co.uk/money/cardsloans/article-8203647/What-todays-new-FCA-debt-measures-mean-you.html

 

https://www.fca.org.uk/news/press-releases/fca-confirms-temporary-financial-relief-customers-impacted-coronavirus


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