Which? response to FCA call on banks to give more flexibility to credit card holders in persistent debt

Gareth Shaw, Head of Money at Which?, said:

“Many people are set to face significant challenges to their personal finances over the next few months, so it’s positive that the regulator is asking banks to provide support for those trapped in persistent debt, as they are likely to be hit especially hard.

“It’s encouraging that a number of banks have already said that help is on offer to those experiencing financial problems, and we’d urge anyone who is struggling to contact their bank to see what assistance it can provide.”