Martin Lewis issues warning as credit card rules are changed again
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mirror.co.ukThis morning a new set of rules for credit card and loan providers were laid out by the the city watchdog - but while it looks like good news for customers, Martin Lewis has told people to be very careful.
To help those struggling with their finances as a result of coronavirus, the city regulator announced a payment break for credit card and loan customers in April.
People were told they would be allowed to stop making payments for three months and banks and building societies weren't allowed to put a black mark on their credit report for doing it.
They proved popular - with 961,700 payment deferrals on credit cards and 688,900 payment deferrals on personal loans made by banks.
Read more on mirror.co.uk
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