If you’re still having money troubles because of coronavirus, you might still be able to apply for a payment holiday (also known as a payment deferral) under certain conditions.
If you’ve not taken any holidays on your buy now pay Later agreement yet, you can apply for a payment holiday of up to six months in total. But you should continue to make payments if you can afford to.
If you’ve already taken a payment holiday, this can be extended up to a maximum of six months. It’s in your best interests to start your repayments again if you can afford to. You can contct the company you owe money to (your creditor) for further support if you’re still struggling after a payment holiday.
The deadline to apply for a payment holiday was extended to 31 March 2021, but individual creditors might still be able to offer you similar support after this date.
If you’ve already taken the full six-month payment holiday, you can’t apply for a further holiday.