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Why Mis-Sold Overdrafts Damage Credit Ratings. The Damage Revealed!

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Post: Why Mis-Sold Overdrafts Damage Credit Ratings. The Damage Revealed!

💥 WHY MIS-SOLD OVERDRAFTS SLAM YOUR CREDIT

🔥 INTRO: DON’T LET THE BANKS BREAK YOU

Mis-sold overdrafts ain’t just annoying fees — they’re sneaky traps that crush your finances and wreck your credit score. Know the game, take the power back, and stop the bank from running your life.

⚠️ THE REAL PROBLEMS WITH MIS-SOLD OVERDRAFTS

  • Hidden fees hitting you when you least expect it.
  • Overdraft limits boosted without your say — pushing you deeper.
  • Banks ignoring if you can actually afford this nightmare.
  • Confusing you whether it’s a loan or “just” a safety net.

💳 HOW THIS TRASH SLAMS YOUR CREDIT SCORE

  • Using your overdraft nonstop screams financial stress.
  • Big overdraft balances shoot up your credit utilization ratio.
  • Missed fees turn into defaults — yeah, that’s ugly.
  • Banks reporting your overdraft drama drops your creditworthiness.

💪 TAKE CONTROL AND PROTECT YOUR CREDIT

STEP ACTION
Watch Your Moves Keep an eagle eye on overdraft fees & usage.
Call Out The BS File complaints with your bank or the financial ombudsman.
Cut The Chain Clear overdraft debt ASAP — save money, don’t borrow it.

Stay woke on your overdraft terms and manage it like a boss — that’s how you keep your credit clean and your wallet healthy.

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Welcome to our latest news page.  You'll find all the latest Credit and Store Cards advice and updates on holding lenders to account.

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It’s important you are clear on the purpose and limitations of the site. We’re an information sharing website, aiming to help people who may have been mis-sold financial products. We base our information on over 20 years of experience in financial services and claims sectors, but we can’t guarantee our insights are perfect for everyone. So do note you use the information at your own risk and we can’t accept liability if things go wrong.

  1. This info does not constitute financial advice, always do your own research on top to ensure it’s right for your specific circumstances and remember we focus on rates not service.
  2. We don’t as a general policy investigate the solvency of companies mentioned (how likely they are to go bust), but there is a risk any company can struggle and it’s rarely made public until it’s too late (see the Section 75 guide for protection tips).
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  4. Do note, while we always aim to give you accurate product info at the point of publication, unfortunately price and terms of products and deals can always be changed by the provider afterwards, so double check first.
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