Four things you need to know about your overdraft

Charges for current account borrowing can be higher than the fees for payday loans

Lloyds Bank
Lloyds is among the high-street banks that have been hit with many millions of PPI claims
(Image credit: Getty Images)

You might occasionally dip into it, live at the end of it or be somewhere between the two, but if you have an overdraft you need to read this article. It may well turn out you know a lot less about your debt than you realise.

They can be very expensive

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