Failed Direct Debit Charges – How to Avoid Extortionate Bank Charges
September 2, 2010
Perhaps, of a bigger problem with paying by direct debit is the penalty charge you incur from your bank when there is insufficient funds in your account to cover the payment. In the United Kingdom for instance, banks charge between ?20 to ?39 each time a direct debit payment fails due to insufficient funds, and where the banks eventually honour the payment and have the account overdrawn, customers are often charged unauthorized overdraft fees that range between ?12 and ?25, and the fees can increase on a daily basis. But there is a way to overcome this problem and avoid the charges.
Original Source: http://EzineArticles.com/?cat=Finance:Personal-Finance
Posted in Credit Repair
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