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MSE News: Overdraft interest rates at record high
Former_MSE_Guy
Posts: 1,650 Forumite
This is the discussion thread for the following MSE News Story:
"The average rate banks and building societies charged customers who went into the red rose to 19.1% during the month ..."
"The average rate banks and building societies charged customers who went into the red rose to 19.1% during the month ..."
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Comments
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I accidently went £11 overdrawn (due to an earlier than usual DD coming out of my account) for 3 days with HBOS & was charged £15 for the pleasure.
What APR is that?;)Time is a concept of relativity, yet as a concept, relativity is timeless.0 -
I don't know, but the equivalent APR for any overdraft on that kind of account works out very high for small sums. Its very 'simple' you get screwed.
It could be worse you could be one of the people with a balanc owing who was locked into debt by this change to the T & C's.Mixed Martial Arts is the greatest sport known to mankind and anyone who says it is 'a bar room brawl' has never trained in it and has no idea what they are talking about.0
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