Overdone it on the overdraft? Help is at hand

After being been paid a week or two early due to Christmas, and then shelling out on festive gifts and nights on the town, for many of us there’s too much month left at the end of the money.

It’s at this time of the year that the overdraft facility from your bank can be a real lifesaver; it might cost a few quid for the privilege but at least you can get on with your life without worrying about not being able to pay the bills.

However, not everybody relies on their overdraft on an occasional basis or for a little flexibility now and again to tide them over for a couple of weeks.

With personal debt levels rising, more people than ever are in the red for the majority of each month. For many, being permanently overdrawn has become a way of life and is now considered the norm – albeit a very expensive norm.