Money-saving expert Martin Lewis has issued an urgent warning to anybody in their overdraft, as changes to interest rates are set to sky rocket at the end of the week.
Martin has pointed out that overdraft rates could soon be more expensive than credit cards, so it's important to act as quickly as possible to minimise the impact of the changes. "Cut your overdraft NOW - it's costlier than credit cards," Martin advised in his weekly MoneySavingExpert newsletter. "Overdrafts are the new danger debt - double the interest of high street credit cards." He continued: "The new rates are transparently hideous." Martin went on to explain how there's virtually no competition between banks to achieve the best rate, as almost every bank will now
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