Furloughed workers three times as likely to default on a payment

Consumer group finds 6% have missed loan or credit card payment in sign of impact of coronavirus

Furloughed workers are three times more likely than other employees to have defaulted on a payment last month, in a sign of the economic distress caused by the Covid-19 pandemic.

As the UK government started unwinding the furlough operation that has paid millions of workers 80% of their salary, a survey by Which? has found that those still relying on the scheme are starting to feel the financial heat.

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from The Guardian https://ift.tt/2PfBQlj

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