UK Finance reports payment holiday figures

UK Finance statistics show that, as of 21 May, their members report that:

  • 877,800 customer accounts had been given a payment freeze on their credit cards, an increase of 25% from the start of the month;
  • nearly 680,000 payment holidays have been provided  on personal loans, an increase of 30% from the start of the month;
  • over 27 million customer accounts have been offered 3 months of interest free borrowing on the first £500 of arranged overdrafts; and
  • 1.8 million mortgage payment holidays have been approved.

Emma Radmore