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Money crisis Coronavirus

Millions can apply for three month payment holiday on credit cards and loans from today

Money crisis Coronavirus
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www.dailystar.co.uk
dailystar.co.uk:

Millions of households will be suffering from the impact of the coronavirus crisis. While many are able to work from home, others have been put on the Government’s furlough scheme or lost their jobs.

Luckily, those who have been hardest hit financially will be able to apply for temporary relief from credit card bills from today.

City watchdog, the Financial Conduct Authority (FCA), hopes the new temporary measures will act as a stopgap to quickly supports those who risk falling into arrears because of loss of income, sickness, or a sudden change in circumstances.

The rule changes come into force today, on Thursday, April 19, and the full range of measures will apply by Tuesday, April 14, 2020.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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