In a related article, we suggested that if you are in a position of facing financial difficulties resulting from COVID-19, it would be a good idea to contact your lenders and credit card issuers. This is to see if they have a contingency plan in place to help consumers who are going through financial hardship. We would like to further assist in the matter by sharing the latest announcements and contact details.
Some of Canada’s big banks have shared similar views in agreement to offer mortgage deferrals. Other lending institutions are also following in their footsteps as thousands of Canadians are finding themselves out of employment with businesses temporarily closing their doors. Most non-bank lenders have also adopted their own deferral measures. Below is a list of banks, credit card companies, credit unions and other lending institutions.