This was proven after the Government suddenly decided last week that those in Spain would have to quarantine for 14 days on their return after a spike in cases in the popular holiday region. However, there was less thought for those who had booked staycations that were then unable to go ahead. The Government announced last week that Greater Manchester and the surrounding areas would be put into a local lockdown after a large rise in those catching the virus. The lockdown means that residents cannot meet up indoors with other households. Similarly, Leicester has also recently been locked down with many shops, pubs and restaurants unable to open. It is likely that this will continue to happen in other areas of the UK. If this happens within a zone of accommodation you've booked, you might want to avoid the area, and vice versa. This might mean cancelling accommodation and transport. As you have wisely taken out travel insurance you would hope that you would be covered for these cancellation costs as the decision has been taken out of your hands.
An app called Bits will improve your Experian credit score in return for a monthly fee As Dave Webber, of TransUnion, another of the credit agencies, put it: 'When investigating new data sources, there are various considerations we take into account, such as whether the payment is a discretional spend which can be cancelled at short notice'. But rating agencies are conscious of people's changing habits and the way in which new sources of data might help 'thicken' people's credit files and provide more comprehensive information which helps to determine how likely they are to be able to afford a loan. You can see this already with services aimed at renters, where your monthly payments show up on your file and improve your credit score. Information on how much people are paying out each month on subscription services could go hand-in-hand with open banking, where people's financial data is opened up with their consent for lenders and ratings agencies to have a look at. 'It offers finance providers unparalleled insight into a consumer's ability to afford repayments', Webber added.