Unarranged overdraft fees can cost bank customers £156 more than payday loans

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Unarranged overdraft fees can cost bank customers up to seven and a half times more than borrowing from a payday loan company, new research shows. But there are steps you can take to avoid these sky-high charges....
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Unarranged overdraft fees can cost bank customers £156 more than payday loans'
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Comments

  • grumbler
    grumbler Posts: 58,629 Forumite
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    edited 8 February 2017 at 6:42PM
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    The title makes no sense whatsoever.
    It would make sense only if £100 and 30 days were mentioned along with £156.

    "Up to seven and half times" makes even less sense.
    One can borrow £50 from Wonga for 1 day for 40p.
    Even £5 daily fee is 12.5 times more than 40p.

    I wonder who has done this 'new research'rolleyes.gif and how much it cost.
  • bigadaj
    bigadaj Posts: 11,531 Forumite
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    Poor quality click bait.
  • Jo_Blogs
    Jo_Blogs Posts: 753 Forumite
    Debt-free and Proud! Mortgage-free Glee!
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    grumbler wrote: »

    I wonder who has done this 'new research'rolleyes.gif and how much it cost.

    :rotfl::rotfl::rotfl:
    Saved Nitty Gritty £7440.75 [149%] / £5000-[Sep] £58.44:starmod: for the 'Save 12k in 2017' #157
    2017 Womble #35 £3463.27 ;)Sept NSDs 4/15:staradminCCCChl 9/12 months:D
    Sept PPChl#002 Pts 71
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