Martin Lewis was back on television on Thursday night and issued an urgent warning to anybody in their overdraft, as changes to interest rates may be about to rise sharply.
In the latest episode of The Martin Lewis Money Show, live from his London home, the consumer champion covered a range of topics including travel refunds, door knock scammers and payment holidays.
But his biggest concern was around banking and how much interest they will soon be charging anyone using their overdraft. As part of a bailout package for millions of households across the UK struggling financially to cope with the impact of the coronavirus, the Financial Conduct Authority (FCA) put in place the option for payment holidays across credit card, loans, mortgage,.