More Repayments to be Frozen by UK Government in this Time of Crisis

THE Financial Conduct Authority (FCA) in the UK is looking to extend the assistance being given to those who are having difficulty in paying back loans.

It has already arranged a three month freeze on loan and credit card payments and is now looking to extend this to include car loans, rent-to-own and buy-now-pay-later schemes as well as loans made by pawn brokers.

In addition it wants to see those giving pay day loans to allow a one month freeze for their borrowers.

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Written by

John Smith

Married to Ophelia in Gibraltar in 1978, John has spent much of his life travelling on security print and minting business and visited every continent except Antarctica. Having retired several years ago, the couple moved to their house in Estepona and John became a regular news writer for the EWN Media Group taking particular interest in Finance, Gibraltar and Costa del Sol Social Scene. Share your story with us by emailing [email protected], by calling +34 951 38 61 61 or by messaging our Facebook page www.facebook.com/EuroWeeklyNews

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