Monday, March 20, 2006

update on overdrafts.

if you were to go so much as one penny over you're limit you would still have to pay the fee of twenty pounds, this amounts to you're bank or building society giving you a lone, that lasts a maxamine of seven, eight, or nine days and is payed back all in one go at an interest rate two thousand percent, even if you were to go a whole twenty pounds over the limit it would still be paid back at an interest rate of one hundred percent if its forty pounds then its fifty percent and it only gets anywhere near to a reasonable level of interest when the overdraft gets to something over a hundred pounds out. so boys and girls if you're going to have an over draft then make sure that the ammount you spend on the item that sends you over is a really huge ammount over wise you'll be severely and unreasonably out of pocket. but sort of message is that to be sending out.

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