Which? comments as FCA confirms further support for motor finance and credit customers

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

“While the extension of these measures will bring relief to people struggling financially as a result of the coronavirus crisis, the industry must support customers once their payment holiday comes to an end and ensure consistency across products.

“Consumers should also consider their options before taking a payment holiday as it may lead to increased payments in the future – so it is likely to be in their interest to continue making payments as normal where possible.”