Banks and building societies are reportedly in talks to extend payment holidays for millions of people who are struggling with debt during the coronavirus crisis.
City watchdog, the Financial Conduct Authority (FCA), is looking to extend payment breaks on loans and credit cards as the virus continues to take its toll on jobs and businesses across the UK.
An extension of the scheme, which initially came into force on Thursday, April 9, would allow people to take advantage of the scheme until September 30, according to the Financial Times.
The news comes just four days after the FCA agreed to extend mortgage holidays and property repossessions for a further 90-days - until October 31.