{"id":73820,"date":"2017-12-06T14:01:10","date_gmt":"2017-12-06T07:01:10","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-banks-have-2m-customers-stuck-in-permanent-overdraft\/"},"modified":"2017-12-06T15:03:24","modified_gmt":"2017-12-06T08:03:24","slug":"uk-banks-have-2m-customers-stuck-in-permanent-overdraft","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-banks-have-2m-customers-stuck-in-permanent-overdraft\/","title":{"rendered":"UK banks have 2m customers stuck in permanent overdraft"},"content":{"rendered":"


\nCharity warns of unaffordable lending in overdraft market creating a \u2018vicious cycle\u2019 of debt More than 2 million people in the UK are stuck with permanent overdrafts, with many trapped in a \u201cvicious cycle\u201d of borrowing, according to a debt charity.StepChange said it had also uncovered evidence of unaffordable lending in the overdraft market, and cases where banks had failed to offer customers a means to deal with their debt, even when they had made it clear they were in financial difficulty. Continue reading…
\n
\nSource : theguardian.com
\nRead more…UK banks have 2m customers stuck in permanent overdraft<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Charity warns of unaffordable lending in overdraft market creating a \u2018vicious cycle\u2019 of debt More...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-73820","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-jcE","jetpack-related-posts":[{"id":52646,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bill-sets-out-plan-to-tackle-extortionate-uk-overdraft-fees\/","url_meta":{"origin":73820,"position":0},"title":"Bill sets out plan to tackle 'extortionate' UK overdraft fees","date":"April 23, 2017","format":false,"excerpt":"\r Legislation proposed by MP Rachel Reeves would make banks subject to similar rules as payday lendersBank customers ripped off by \u201cextortionate\u201d overdraft fees will get support next week from a parliamentary bill that promises to protect the most financially vulnerable from escalating charges.Rachel Reeves, a Labour MP who sits\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":90014,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/court-backs-banks-on-overdraft-charges\/","url_meta":{"origin":73820,"position":1},"title":"Court backs banks on overdraft charges","date":"November 26, 2009","format":false,"excerpt":"\r In blow to consumers, supreme court rules OFT does not have power to decide whether unauthorised charges are fairMillions of bank customers hoping to be refunded their overdraft charges were dealt a surprise blow today when the supreme court handed high street banks a landmark victory over the Office\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":90012,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-cant-the-uk-cap-overdraft-fees-some-us-states-have-a-7-limit\/","url_meta":{"origin":73820,"position":2},"title":"Why can't the UK cap overdraft fees? Some US states have a 7% limit","date":"May 31, 2018","format":false,"excerpt":"\r The FCA\u2019s new measures don\u2019t go far enough to protect consumers from sky-high bank chargesYou check your account balance at a cash machine and what do you see? You have, say, \u00a31,200 in your account \u2013 but \u201cavailable funds\u201d of \u00a32,200. It\u2019s one of the tricks used by banks\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":64018,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lloyds-and-halifax-customers-face-up-to-52-apr-overdraft-fee\/","url_meta":{"origin":73820,"position":3},"title":"Lloyds and Halifax customers face up to 52% APR overdraft fee","date":"August 19, 2017","format":false,"excerpt":"\r Account holders slate \u2018astonishing\u2019 rate of borrowing which is more than credit cards and payday loansThere is growing anger among some Lloyds and Halifax customers \u2013 those who regularly use their overdraft \u2013 after they received letters from the banks this week warning them that the cost of going\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":25255,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/consumers-dont-stand-a-chance-of-finding-best-deal-on-overdraft\/","url_meta":{"origin":73820,"position":4},"title":"Consumers 'don't stand a chance' of finding best deal on overdraft","date":"September 7, 2016","format":false,"excerpt":"\r Treasury select committee calls on high street banks for urgent action on authorised and unauthorised overdraft chargesMPs have lambasted major banks for excessive overdraft charges and proposed an industry-wide cap on fees after concluding that consumers \u201cdon\u2019t stand a chance\u201d of being able to identify the best deal. Related:\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":13318,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/overdraft-fees-to-be-capped-as-cma-looks-to-boost-competition-between-banks\/","url_meta":{"origin":73820,"position":5},"title":"Overdraft fees to be capped as CMA looks to boost competition between banks","date":"May 17, 2016","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...Overdraft fees to be capped as CMA looks to boost competition between banks","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/73820"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=73820"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/73820\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=73820"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=73820"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=73820"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}