But they aren't the only ones set to benefit - with payment holidays also extended covering rent-to-own, payday loans and even buy-now-pay-later arrangements and pawnbrokers. But firms will be able to charge interest during the payment freeze. – customers that have not yet had a payment freeze, would be able to request one up until 31 October 2020. this applies to motor finance and RTO customers still facing temporary payment difficulties as a result of coronavirus and who need their vehicles or goods. But rather than a blanket payment freeze, people extending their payment holiday now have new options to part-pay.

Source: Daily Mirror July 03, 2020 06:19 UTC