Payment holidays are a lot like real holidays – they end up costing more than you realise.
Tag - debt repayment holiday
Bank customers will have a nasty surprise if they allow their debit orders to bounce.
If you do need to take a debt holiday, take a look at using a cashflow relief loan rather than a payment holiday as a way of ring-fencing that debt.
Credit life payouts and payment holidays are on the cards. But it will only be for those who are directly impacted by the lockdown, and will come with Ts and Cs.