skip to main content
Text size:

Finance, Bills and Financial Hardship

Finance, Bills and Financial Hardship

This section contains information about finances, bills, applying for charitable grants, and what to do to help a family experiencing severe financial hardship.

The Financial Conduct Authority have introduced new measures to help people who are struggling to pay payday loans. 

This includes 3 month payment freeze for motor finance, buy-now pay-later (BNPL), rent-to-own (RTO) and pawnbroking agreements. For high-cost short term credit (including payday loans) payments will be frozen for one month with no additional interest to be charged. 

If you have a family who are struggling with pay day loans, motor credit or other credit products,  there is more information here 

https://www.fca.org.uk/news/press-releases/fca-confirms-support-motor-finance-and-high-cost-credit-customers  

 

Last updated: 14 November 2022