Coronavirus: Interest-free overdraft plan for struggling borrowers

Image copyright Getty Images Image caption Debt problems can affect people’s mental health

People struggling financially amid the coronavirus pandemic should not be charged interest on the first £500 of existing overdrafts for 90 days, the UK’s financial watchdog has proposed.

The Financial Conduct Authority (FCA) also suggested repayments on loans and credit cards should be frozen for up to…

View On WordPress

Sponsored


Discover more from USNewsRank

Subscribe to get the latest posts sent to your email.

0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

0
Would love your thoughts, please comment.x
()
x