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Martin Lewis explains who should apply for the new payment holidays from debts
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mirror.co.ukMartin Lewis has explained exactly who should and shouldn't take advantage of all the new payment holidays made available to people thanks to coronavirus.
Speaking to viewers of a coronavirus special of the ITV Martin Lewis Money Show, he explained that the holidays could prove a vital break from payments, but could also be a risk.
Speaking from his home studio, Martin said: "You always want to avoid a payment holiday if you can because interest continues to build up." Currently you are entitled to three month payment holidays on mortgages, cards and loans.
New rules coming into force tomorrow will see that extended car finance, rent-to-own, pawnbroking and buy-now, pay later debts.
Read more on mirror.co.uk
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