Relief for high-cost borrowers as new payment freeze kicks in
The UK’s financial regulator has confirmed a three-month payment freeze for those struggling to repay some of the most expensive forms of debt due to the current pandemic. It comes in response for calls to “close the gap” between protection for consumers with different types of borrowing.
Following similar moves on mortgages, credit card and overdraft debt, the Financial Conduct Authority (FCA)…
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