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Payment deferrals if lockdown is extended
steveamaniac
Posts: 25 Forumite
Hi all, I’m on my second month of a payment deferral for my credit cards, car loan and bank loan due to covid19.
My query is the lenders have all granted a 3 month period as a maximum but if lockdown is extended then what will happen? I will be unable to go back to work and resume my payments.
its giving me sleepless nights I’m really worried about the future.
My query is the lenders have all granted a 3 month period as a maximum but if lockdown is extended then what will happen? I will be unable to go back to work and resume my payments.
its giving me sleepless nights I’m really worried about the future.
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Comments
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Are you working in an industry that is likely to still be closed beyond June?0
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Yeah, we make sporting goods in a factory, canoes etc. I have chronic asthma as well so I’m just panicked about everything.bradders1983 said:Are you working in an industry that is likely to still be closed beyond June?0 -
Are you currently furloughed?steveamaniac said:
Yeah, we make sporting goods in a factory, canoes etc. I have chronic asthma as well so I’m just panicked about everything.bradders1983 said:Are you working in an industry that is likely to still be closed beyond June?
It will probably be up to your employer whether they can start up or not and assuming they can put in the necessary safety measures to allow for social distancing.0 -
Well yes you have. I would think it things carry on past June the banks will be have to be understanding. In any case surely you are in at least 80%0
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Yes I am. My partner is zero hours and they have refused to furlough him.bradders1983 said:Well yes you have. I would think it things carry on past June the banks will be have to be understanding. In any case surely you are in at least 80%0 -
Think the majority of factories would have gone back by end of June, 2 months nearly.steveamaniac said:
Yeah, we make sporting goods in a factory, canoes etc. I have chronic asthma as well so I’m just panicked about everything.bradders1983 said:Are you working in an industry that is likely to still be closed beyond June?1 -
I hope so. Thanks for you help0
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It's only my opinion but I doubt very much lockdown will be extended past May let alone Junesteveamaniac said:Hi all, I’m on my second month of a payment deferral for my credit cards, car loan and bank loan due to covid19.
My query is the lenders have all granted a 3 month period as a maximum but if lockdown is extended then what will happen? I will be unable to go back to work and resume my payments.
its giving me sleepless nights I’m really worried about the future.
0
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