From mobile apps to black boxes, if you're a safe driver you could save money on your car insurance by recording your driving.
Increasing overdraft debt reported

A charity says an increasing number of people are struggling with overdraft debt
An increasing number of people are struggling with overdraft debt because they have been unable to take out other types of credit, a debt advice charity has warned.
The Consumer Credit Counselling Service (CCCS) said almost 70,000 people had sought its help on the issue in the first half of this year, meaning the figure for all of 2012 was set to be the highest since the start of the credit crunch.
In contrast, it had seen a "marked decline" in people reporting problem credit card debt, with the number of people seeking help decreasing and the typical level of debt and the number of cards its clients held also falling.
It said it was likely that the rise in problem overdraft debt was down to people ramping up the amount they owed on their overdrafts after finding it harder to take out credit cards and personal loans in the toughened lending environment.
The CCCS warned that people were increasingly digging into their overdrafts to "mask" underlying problems, a tactic which was not sustainable. It had seen increases in people seeking help with overdrafts across all age groups and the average sum its clients owed on their overdrafts had risen from around £1,700 five years ago to just over £2,000.
The biggest increases in amounts owed had been seen among people aged 60 and over, with almost 7,000 people in this age group seeking the CCCS' help last year with a typical overdraft debt of nearly £2,400. This is more than double the number of people in this age group who contacted the charity about the problem in 2007, with an average debt of £1,800.
Delroy Corinaldi, CCCS external affairs director, said: "People tend to view what they owe on their overdrafts differently to other types of debt such as credit card or personal loan. It is not unusual for those contacting the charity for help to not calculate what they owe on their overdraft as part of their overall debt.
"The problem with this is that it makes it easier for them to use their overdraft for day to day expenses, temporarily masking any problems they may be having with making ends meet. This is not sustainable, which is why rising numbers of people are struggling with the rising amounts they owe on their overdrafts."
Which? executive director Richard Lloyd said: "Hard-pressed consumers are increasingly turning to more expensive forms of credit such as overdrafts and pay day loans just to make ends meet. And with a lack of competition on the high street, banks have been able to get away with increasing charges for authorised overdrafts to record highs.
"Complicated pricing structures also make it hard for people to compare charges and to work out how much it will cost to use their overdraft. The regulator must clamp down on rip off bank charges as part of the wider big change in banking that's needed so that we get banks for customers, not bankers."
related stories on msn
more on msn money


House prices peaked in December 2007, then collapsed. We’ve taken a look at which towns bounced back and which fell even further…
![A selection of The weirdest-looking properties for sale in the UK [Image © Zoopla Savills] A selection of The weirdest-looking properties for sale in the UK [Image © Zoopla Savills]](http://db2.stb.s-msn.com/i/80/DC5BA8B3DE4764BB72C6DEED6AC0_h85_w116_m4.jpg)
Have a nose around some of the most weird and wonderful houses currently available on the UK market

Interest rates on fixed rate mortgages have, once again, hit all-time lows. We round up the best of the new deals.

Former home of heir to Campbell's goes on sale in Philadelphia, USA for over $24 million

The new Capital One Aspire World card offers cashback up to 1.25% and no fee for overseas spending.

Multi Million pound yacht is "one of the world's most amazing"

More misery for hundreds of thousands of savers hit as NS&I slashes rates on popular savings products

As a house goes ‘on sale’ for free, it’s clear our property market has lost its senses.

Thinktank says employees have sacrificed pay to keep their jobs during the 'longest and deepest' slump in a century

A selection of some of the most weird and wonderful homes available on the UK market at the moment.

Tesco has shaken up the credit card market with a fee-free 0% card, but is it the best option for everyone?



