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TD Steps Up Support for Canadians Impacted by COVID-19 with 50% Cut to Credit Card Interest

More than 70,000 mortgage payment deferrals already processed with 99% approvedTORONTO, April 3, 2020 /CNW/ - In response to COVID-19, TD has made unprecedented efforts to support Canadians during this difficult period, providing deferrals, credit relief and other solutions to tens of thousands of Canadians in financial need. Today TD is announcing more relief through our TD Helps program by reducing credit card interest rates by 50%A for customers facing financial hardship."Over the last few weeks, everyone across TD has been coming together in extraordinary ways to support Canadians through the crisis," said Teri Currie, Group Head, Personal Banking. "We continue to stand by our customers, by making credit available, providing access to critical banking services across all of our channels. Most Canadians pay their credit card on time, but we know that right now some families are facing financial hardship and are in need of some additional relief." Through TD Helps, almost 30,000 customers facing financial hardship have reached out to us for personalized advice and relief over the past three weeks, including deferrals on payments of credit cards, personal loans and mortgages, debt consolidation into lower interest loans, and other measures. The TD Helps program has been in place since the 2008 financial crisis to help customers experiencing financial hardship. In recent weeks, they have been overwhelmed with calls - 10 times more than normal - and colleagues from other areas of the bank have been redeployed to provide advice and help to those customers in urgent need of assistance.Today TD is announcing more relief through our TD Helps program by reducing credit card interest rates by 50%A for customers facing financial hardship. Customers experiencing financial hardship and in need of credit card relief can visit td.com/covid19.
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