UK bank NatWest has announced a new package of Cost of Living support measures, including £5.7m of funding for charities and partners.
NatWest is giving £1m to the Trussell Trust, the food bank charity, to support the Help through Hardship scheme, plus over £1.6m to the debt advice sector; £900k for Responsible Finance to support provision of accessible credit to people; and a £1m partnership with Federation of Small Businesses (FSB) to provide cost of living support.
NatWest is also giving struggling customers more time to repay debts, it says:
From early February this year, where customers have missed several payments on an unsecured debt such as a loan or overdraft, the bank will extend the time for them to repay their debt from 18 to 24 months, giving them more time and flexibility.
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