Consumer expert reveals how to fight off car repossession threats
The news consumer champion, Richard Thomson has received a significant number of appeals for help from readers threatened with repossession of their cars after they’ve run into temporary difficulty meeting repayments due to coronavirus.
By Richard Thomson
Published 6th May 2020, 11:39 GMT
Updated 6th May 2020, 18:04 GMT
Watch more of our videos on Shots! and live on Freeview channel 276
The FCA says that customers facing financial difficulties are duty bound to contact lenders as soon as possible and be aware any payment holiday may ultimately result in higher monthly repayments or extended loan terms when the relaxation comes to an end.
A message from the Editor
Thank you for reading this story on portsmouth.co.uk. While I have your attention, I also have an important request to make of you.
With the coronavirus lockdown having a major impact on many of our advertisers - and consequently the revenue we receive - we are more reliant than ever on you taking out a digital subscription.
Subscribe to portsmouth.co.uk and enjoy unlimited access to local news and information online and on our app. With a digital subscription, you can read more than 5 articles, see fewer ads, enjoy faster load times, and get access to exclusive newsletters and content. Visit our Subscription page now to sign up.
Our journalism costs money and we rely on advertising, print and digital revenues to help to support them. By supporting us, we are able to support you in providing trusted, fact-checked content for this website.