I just took out a high street loan. “OH NO!!!” I hear you cry, “High street loans have such high interest!” Well, this is just not true. High street loans work out cheaper than accidental overdrafts.

Take my bank. Last month I forgot to leave fifty pounds in for a direct debit. I remembered in time but I had no cash to put in the bank. The direct debit was submitted and refused. I was charged fifteen pounds by bank. Next the direct debit was re-submitted, refused and charges were another fifteen quid. These charges were applied straight away putting my account overdrawn, incurring overdraft charges.  Altogether these charges came to over fifty pounds.

I found out later that I could have had a high street loan for the fifty pounds due on the Direct Debit, therefore incurring no bank charges. This loan would have cost me twelve pounds fifty. You do the maths.

About Carole Anne Rogers

I have opinions and like to share them. My views are my own. I am a visionary artist. a musician, writer, a philosopher and a poet. Our band can be found here: www.soundcloud.com/criminal-suicide-limited www.wordpress.com/caroleannejones @CARogersNo1 @CriminalSuicide caroleannerogers111@gmail.com
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