Overdrafts

  • BusinessAOL

    Overdraft charges are more expensive than payday loans

    Payday loans have attracted an enormous amount of our ire: it's hardly surprising when providers load the loans with such outlandish interest rate charges. However, while the worst excesses of the payday loan sector have faced a clampdown,

    4-min read
  • BusinessAOL

    Brits don't consider themselves 'in debt' until they owe £45,000

    How much money would you have to owe before you consider yourself officially 'in debt'? New research from talkRADIO shows that people these days have taken on a relaxed approach to borrowing and owing money, to the extent where people

    2-min read
  • BusinessAOL

    Can your bank help if you're struggling?

    If you find yourself short of cash, it's easy to see your bank as the bad guy. After-all it's the bank that asks you to make a payment on your credit card, or refuses to let a direct debit go out if you don't have enough money.

    4-min read
  • LifestyleAOL

    Ten steps to tackle your debts in January

    The temptation to spend in the last two months has been almost impossible to resist. We saw unprecedented discounting in the run up to Christmas, then we faced the obligatory annual spending frenzy in December, and finally we were drawn in by

    7-min read
  • BusinessAOL

    Alarming new twist on payday loans

    A payday loans company has come up with a worrying new development. These high interest loans from a firm called ClearAccount are being marketed as a 'financial safety net', which can automatically lend you money when your current

  • NewsAOL

    Father, overwhelmed by debts, kills himself

    Anthony Breeze, a 36-year-old father from Bolton, who owed payday loans companies £1,600, killed himself by setting himself on fire. An inquest heard how he was coming under increasing pressure from companies he owed money to when he took his

  • BusinessAOL

    Five places where you can get an overdraft for free

    As the interest charged on overdrafts hits a new record high, we point out five places where going into the red is absolutely free. Interest rates charged on authorised overdrafts have hit a new record