The Financial Conduct Authority (FCA) also suggested repayments on loans and credit cards should be frozen for up to three months for those in trouble.
“Over the next 90 days, firms would have to ensure all consumers are no worse off and not paying more than they would have under previous prices.”
A three-month repayment freeze on loans
A temporary freeze on credit card and store card debt up to three months
Zero interest for three months on up to £500 for customers affected by coronavirus using an arranged overdraft for up to three months
In short, don’t let the banks charge you during coronavirus!