People with existing debt and those who entered debt because of the crisis received a lot of attention in 2020 and the current situation can lead to a rapidly escalating debt situation. The covid-19 crisis may have driven more people into debt but it has also focused attention on how creditors treat their struggling customers. In some countries , the banking systems have that window of applying for repayment holidays and it is mostly witnessed in developed nations as opposed to Developing countries whereby you are forced to pay even if you have very little money for survival. Do you have repayment holidays plans in your country?
