Business cash flow is a concern for many in the current COVID-19 situation, but many people should also be considering what can be done to address their personal finances to ease financial pressures in the coming months.
Several car manufacturers are currently offering payment deferrals and their own payment relief programmes for customers who are experiencing financial difficulty. Equally, there is speculation that with many lenders offering three-month payment holidays, car loan firms may be willing to show the same leniency.
Regulated firms that operate within the consumer credit lending sector are obliged to treat customers in default or arrears difficulties with due consideration; so, it may be worth contacting your lender to discuss your options for upcoming payments.