Credit card holders urged to get their ‘finances back on track’ – payment holiday warning | Personal Finance | Finance


While there is still time to prepare for the end of these payment deferrals, the Money and Pensions Service (MaPS) warn that people should “Start work now to get finances back on track”.

Valentine Mulholland, a Senior Policy and Propositions Manager at MaPS, responded to the figures: “Payment breaks on mortgages, credit cards, loans and other products have been a lifeline during the coronavirus crisis but many people will find it difficult when these schemes come to an end.

“Dealing with money problems early on can prevent them getting worse so it’s a good idea to start working out now how best to get your finances back on track.

“A great place to start is the new Money Navigator Tool on the Money Advice Service website.

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