If you’re worried about your finances, there are a number of ways we can support you.
It’s a good idea to consider the different options and which will be best for your personal circumstances. Some options, like payment breaks or holidays, may be useful in the short term, as they offer a temporary reduction in your usual payments.
However, it’s very important you’re aware that if you take a payment holiday, you’ll still be charged interest for the time you're not making payments. This means you will end up paying more overall for your borrowing, your monthly payments may be higher once your holiday ends and it might take you longer to make your repayments.
If you’re still able to make your payments at the moment, but you’re unsure how things might change, we have a number of tools available to help you manage your money and feel more in control, helping you to avoid needing to take out a payment holiday further down the line.