Help With Credit Card Debt
Free, Confidential Advice
At KPMG, we take calls from individuals struggling with credit card debt every day. We know it’s often easy to feel overwhelmed by debt, and are here to help you understand what options are available to you.
As a result of the COVID-19 outbreak, the FCA have introduced measures to help consumers who are struggling financially in result of the pandemic. In early Nov, the FCA extended existing support and announced that consumers have until 31 March 2021 to advantage of up to 6 months of breaks on credit card repayments.
The FCA has make it clear that payment breaks should not be recorded on credit files, however, it’s important to note there are other ways for future lenders to check if regular payments have been maintained. Some may ask for bank statements which will show the deferral of payments during this time. It may be the case that this changes the way in which people can borrow going forward.
While these measures will have helped many tide themselves over during this difficult period, others may need longer term support to deal with their debts. If this sounds like you, contact KPMG today. Our friendly advisers will outline all the options available to you, empowering you to make an informed decision about your finances.
All our advice is completely confidential and free of charge. KPMG have been providing support to people living in Scotland for over 20 years and have helped thousands to overcome debt issues. If you need advice, we are available 6 days a week on 0141 300 5656. Or alternatively, book a call back below and we’ll get back to you at your selected time.