Wednesday , April 8 2020

Tag Archives: Credit

The FCA wants holidays for credit card and loan repayments but does it go far enough? | Personal Finance | Finance

Personal loans would also face a freeze if the customers end up struggling financially due to coronavirus. As the FCA made the announcements, several organisations and experts in the field voiced approving support. The Financial Wellness Group was one among said organisations but they believe that further action could still …

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Martin Lewis tells self-employed hit by coronavirus crisis about Universal Credit changes | Personal Finance | Finance

Martin Lewis is a figure who many people may be looking to as the coronavirus pandemic impacts on people’s financial situation. Today, the founder of Money Saving Expert took to Twitter to share a video, which saw him directly address options for the self-employed. During his message, the financial journalist told …

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Universal Credit for self employed: How to claim Universal Credit when self employed | Personal Finance | Finance

There are five million self employed workers in the UK. Calls have been mounting for the Government to offer them some extra support in the same way as regularly employed people and businesses. Self-employed workers are often more vulnerable than employees as they don’t have a larger company backing their …

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Universal Credit eligibility: Limit on savings explained amid coronavirus pandemic in UK | Personal Finance | Finance

The coronavirus pandemic has hit the UK, not only impacting on thousands of people’s health, but having a knock-on effect on the economy, and personal finances. With many fearing they’ll struggle to make ends meet, some may look into whether they can get financial help – such as by claiming Universal …

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Universal Credit: Rishi Sunak makes changes to housing benefit – what are the new rates? | Personal Finance | Finance

Rishi Sunak has thus far provided mortgage and rental “holiday” measures which aim to ease worries over living arrangements. People may now be able to not pay their mortgage for three months without repercussions. On top of this, renters will also not face eviction over a three month period. The …

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