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Help for motor finance customers

red car under tree

The FCA (Financial Conduct Authority) has confirmed further support for customers in receipt of high cost credit and motor finance.

The recommendation is to pay if you are in a position to, however for those struggling:

  • Firms will be asked to freeze or reduce payments for a further 3 months, upon being asked to by the customer.
  • Pawnbrokers will be asked to extend the redemption period, assuming it has not already lapsed and also be asked not to sell on items within this period.
  • The ban on repossessions will continue until 31st October 2020.
  • These support schemes should not affect customer credit
For further information please read the following article:

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