Hot tub crime machine: Purchase scams involving plug-in pools up 400% as crooks take advantage of sunshine loving Britons Hot tub sales have surged since the lockdown as Britons splash out on luxuries NatWest said purchase scams went up five-fold between April and May Hot tubs involved in third-most purchase scams after Nintendo Switch and … Read more
Banks and regulators in talks over extending credit card payment holidays for hard-up borrowers for another three months The FCA extended mortgage holidays last week Bankers are now in talks with it over doing the same thing for unsecured debts There are concerns due to the cost of rolling over more expensive debt Taking a … Read more
Hard-pressed households set for lower bills as watchdog asks insurers to grant payment holidays and cut premiums Insurers asked to offer three month payment holidays from Monday next week They will also have to offer more suitable policies and waive fees attached Policyholders will have until the 18th of August to apply for a payment holiday … Read more
Take-up of a scheme allowing people to delay selling their houses to pay care home fees exposes a ‘postcode lottery’, according to research by a law firm. A selective survey of 10 local authorities reveals that the rate of deferred payment agreements among self-funded care home residents ‘varies wildly’ from 0.9 per cent in East … Read more
The chancellor Rishi Sunak is under pressure to launch a second wave of furlough payments as the government’s scheme is set to run out in June. Industry and manufacturing think-tanks have warned that without further payments up to 35 per cent of jobs could be lost in parts of the UK, as businesses struggle to … Read more
I run three rural pubs which are all closed because of COVID-19 and may not open again. I cannot afford to keep up my ex-wife’s maintenance payments and don’t want to get further into debt. Can the payments be reviewed as a matter of urgency? Pubs around the UK have been closed for more than … Read more
LV offers protection insurance payment holidays to those affected by coronavirus – and says they WON’T have to pay anything back LV will allow vulnerable policyholders 3-month payment breaks on protection Life cover, income protection and critical illness all covered under the scheme Policyholders will remain fully covered during the payment holiday period Customers won’t … Read more
Drivers with car finance deals and payday loan borrowers will be able to request payment holidays to give them breathing space during Covid-19 crisis By Daily Mail City & Finance Reporter Published: 21:55 BST, 24 April 2020 | Updated: 21:55 BST, 24 April 2020 Drivers with car finance deals and borrowers who have taken out … Read more
Anyone who has a finance arrangement in place on a car can now access a three-month payment freeze under temporary measures introduced by the Financial Conduct Authority. Borrowers with Personal Contract Purchase or Personal Contract Hire car finance plans can request the payment freeze ‘at any point’ the city regulator states. Finance companies should not … Read more
Borrowers of £48billion in car finance will be able to freeze their payments for three months if they are struggling to cover their installments due to coronavirus, the Financial Conduct Authority proposed today. The city regulator said those who used Personal Contract Purchase, Hire Purchase or Conditional Sale agreements to purchase a car would be … Read more