Spiralling charges on unarranged overdrafts are adding millions of pounds to problem debt and they must be capped by the FCA. New figures suggest that almost two thirds of people seeking our help with overdraft debts have regularly exceeded their limit and faced charges of £45 each time on average.Every month, between 6,000 and 10,000 people contacting us will have incurred unarranged overdraft fees. In the year before they sought debt advice, we estimate that they will have been hit with over £1.3 mill

Source: Spiralling overdraft charges adding millions debt problems

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