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Daily Mirror
Daily Mirror
Business
Levi Winchester

Martin Lewis' MSE issues warning over 'danger debt' owed by millions - how to cut costs

Martin Lewis MSE

Martin Lewis' website has issued a warning to anyone using their overdraft - calling it a “danger debt” due to the hefty fees charged.

An overdraft lets you borrow money through your current account by taking out more money than you have in the account.

MoneySavingExpert.com explained how “almost every bank” now charges rates of 40% - far higher than typical credit cards.

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