Credit card payment holidays, when do applications close?

ssdkck

Hi, I know marks and spencer & tesco are giving you till July to apply for payment holiday, just in case your circumstances change. Are most providers doing this? 

D3xt3r5L4b

No I believe you have to apply by the end of April to receive holidays for May-July. 

eskbanker

ssdkck said:

Hi, I know marks and spencer & tesco are giving you till July to apply for payment holiday, just in case your circumstances change. Are most providers doing this? 

D3xt3r5L4b said:

No I believe you have to apply by the end of April to receive holidays for May-July. 

The new measures were introduced on 14 April and entail a three month holiday starting any time within the following three months, so payment holidays can be requested to start from dates up to 14 July:

When this applies
You will be able to request help under these measures for a period of 3 months – you will then be able to benefit from them for a period of 3 months from when you agree them with your lender.

MSE makes this point, alongside the list of card providers and their responses, at https://www.moneysavingexpert.com/news/2020/03/uk-coronavirus-help-and-your-rights/#loanhelp

You have until 14 July 2020 to request a payment holiday

ssdkck

I did contact Lloyds and I was told that at the moment they do not have a cut off point when you can apply for a payment holiday as its uncertain times. 

Thrugelmir

Banks will be directed/instructed from above. 

eskbanker

Thrugelmir said:

Banks will be directed/instructed from above. 

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