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If you currently have a loan with us and have been affected financially by the COVID-19 pandemic, please click here for ways in which we may be able to work with you during these difficult times.

FAQ – COVID-19 (Coronavirus)

I’m employed, how does this all affect me?

The government has announced a scheme that will pay employees’ wages under the Coronavirus Job Retention Scheme. This is known as being put “on Furlough” and may allow your employer to keep you on the payroll and will pay 80% of retained workers’ salaries up to £2,500 a month. If applicable, these payments will be backdated to 1st March 2020, the scheme may be extended if necessary.

HM Revenue & Customs (HMRC) published guidance confirming who is eligible to claim from the government’s Coronavirus Job Retention Scheme to cover wages for employees who have been furloughed due to Coronavirus, what amounts are available through the scheme, and how employers should make claims.

Loans are subject to status and affordability. Consolidating debts may increase the term and the total amount payable.

Before entering into any credit agreement please make sure you can afford the monthly repayments, we recommend that you seek independent advice if you are unsure of any of the terms of our agreement. There may be other taxes or costs, not paid through us or charged by us, that you have to pay in connection with the agreement.

Late repayments can cause you serious money problems. For help go to www.moneyadviceservice.org.uk

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