Anyone with an overdraft has one week to act to get a three month payment holiday, according to MoneySavingExpert Martin Lewis.
The pandemic and recession has led to many of us falling into our overdrafts so this news will come as a welcome surprise.
Martin is advising anyone who needs help with their debt to take action in the next 10 days, which will allow them three months off from making payments.
Contact your lender and tell them you want to apply for the payment holiday as soon as possible.
Martin Lewis said: "While as a nation we're far from out of the pandemic's clutches, these schemes are gradually being dismantled. With most, there's little you can do to alter that."
You can apply before the October 31 deadline and get a payment holiday almost automatically on mortgages, overdrafts, credit cards, personal loans, insurance, car finance, buy-now-pay-later, rent-to-own and pawnbroker loans.
Martin warns that your payments will be higher once they begin again in the new year - as interest will have accrued.
And while it won't go on your credit history it may be used in future to help decided whether to extend new credit.
After October 31 the scheme will change and will be much more limited - with any payment holidays being registered on your file.
