Coronavirus – good news about protecting your credit score
Money advice blogger Debt Camel (Sara Williams) has been sharing useful updates for those impacted financially by the Coronavirus outbreak, including this good news about the three big UK credit reference agencies (Experian, Equifax and TransUnion) agreeing that having a temporary “payment holiday” with a lender won’t harm your credit score during this period. Read more.
Read MoreNationwide announces financial support package for those impacted by Coronavirus
A comprehensive support package for those financially impacted by coronavirus has been set out by Nationwide Building Society as it increases help for those struggling. Britain’s biggest building society has developed a dedicated coronavirus support page to make it as easy as possible to arrange payment breaks. The online resource is intended for anyone who is or […]
Read MoreChristians Against Poverty asks how the pandemic will affect the UK’s poorest
Christians Against Poverty’s latest blog looks at how the Coronavirus pandemic will affect the UK’s poorest drawing on its experience. Read it here.
Read MoreCOVID-19 update: Equifax publishes summary of regulators’ positions on credit
Stuart Holland, Head of EU Government Relations at Equifax has pulled together a summary of regulators’ new guidance on payment, debt and forbearance in light of the Coronavirus outbreak so far. Although it is not exhaustive and it is intended that it will be updated regularly, the first version of the document contains updates from […]
Read MoreUK to change insolvency rules to protect businesses
The UK government has announced new insolvency measures to prevent businesses unable to meet debts due to the impact of coronavirus from being forced to file for bankruptcy. The wrongful trading law would has been suspended to protect directors during the pandemic. The move will allow directors of companies to pay staff and suppliers even […]
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