Birmingham Live. "My view is IF YOU NEED A PAYMENT HOLIDAY, DO IT, BUT ONLY IF NEEDED," he says."The reason it's not a 'grab it' is two-fold."First, because the holiday is just a deferment, you still have to pay what's missed, and the interest that's racked up, later."Plus, while it won't go on your credit file, as I revealed a month ago, payment holidays can affect credit scores as lenders use other methods to detect them."But if you're struggling to repay, and need cash flow, do it.
Martin Lewis issues redundancy warning to furloughed workers
08.06.2020 - 15:55 / manchestereveningnews.co.uk
Coronavirus Job Rentention Scheme begins to be wound down, 'uncertainty' may lead to redundancy in the coming weeks or months.The furlough scheme, which has so far covered the wages of 8.4 million staff unable to work during lockdown at a cost of around £15 billion, is set to be changed in July after Chancellor Rishi Sunak confirmed it would be "wound down".Martin said on Monday's This Morning: "The scheme has indeed been extended until October, but while employees must still receive at least 80
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manchestereveningnews.co.uk
24.06.2020 / 13:17
Martin Lewis' warning to all British passport holders
latest email to shoppers, the Money Saving Expert explained that the Passport Office has said that renewing is taking longer than the usual three weeks, reports the Mirror. Due to the pandemic, some people have reportedly waited as long as three months to receive a new passport - meaning many may be unable to go on holiday as restrictions are listed.A woman called Tracy emailed Martin to complain: "Been waiting 13wks.
dailyrecord.co.uk
22.06.2020 / 12:08
Martin Lewis issues coronavirus payment holiday warning to homeowners and credit card users
mortgage payment holidays have been taken out by customers impacted financially by the Covid-19 pandemic. On top of this, trade association UK Finance members have offered 27 million interest-free overdraft buffers, provided 961,700 payment deferrals on credit cards and 688,900 payment deferrals on personal loans.
dailyrecord.co.uk
16.06.2020 / 12:35
Martin Lewis issues holiday warning for anyone planning to book a bargain break
Ryanair is currently offering sunseekers discounts on 250,000 seats with prices starting from just £29.99. The budget airline is promoting the online event with the added incentive of 'no change fees' for customers during July and August 2020.
dailyrecord.co.uk
11.06.2020 / 10:37
Martin Lewis issues important advice for workers on maternity leave
UK Government has confirmed that parents on statutory maternity and paternity leave who return to work after a long period of absence can be furloughed. The announcement means that staff who return from maternity and paternity leave after July 1 will be able to join the Coronavirus Job Retention Scheme if their employer is unable to take them back to work.
dailyrecord.co.uk
10.06.2020 / 08:53
Martin Lewis issues warnings on furlough shaming, redundancy rights and booking bargain holidays
coronavirus pandemic, Martin Lewis has issued a new and updated list of ‘need-to-knows’ with invaluable advice for most households across the country. In the latest edition of his weekly newsletter, the founder of MoneySavingExpert.com offers guidance on furlough changes, redundancy rights, claiming the Self-Employed Income Support Scheme, booking bargain holidays and travel insurance plus credit card and loan repayments.
manchestereveningnews.co.uk
08.06.2020 / 14:53
Martin Lewis issues important refund update to Britain's holidaymakers
Martin Lewis responded to claims that some UK caravan parks were refusing to issue customers with refunds, despite them being unable to use the parks.At the time, the financial guru said he was compiling a dossier of complaints and said that if consumer rights have been breached he will forward it to the Competition and Markets Authority.Now, the financial guru has given new information to help owners get a refund, after being inundated with complaints from those who are still being charged the