Payment holiday takers trapped by lending rules amid fears of second wave

Industry News | 11/08/20

Britons paid off almost £16bn in personal debt as the Covid crisis raged, dramatically shoring up their financial affairs in the process. But while it has been great news for the health of the nation’s wallets – at least according to the headline figures – lenders are keen to get us back in the red and earning them money, especially the high-cost outfits now stalking the UK’s consumers.

Source: The Independent