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Bank charges: Consumers should be proactive about 'paying off' debt

Britons may be able avoid incurring bank charges by being proactive about their levels of debt, according to an expert.

Annie Shaw, editor of, a website which offers expert personal finance advice, expressed her belief that consumers should tackle their debt head-on and not try and avoid it.

She said: "The thing about any sort of debt is to deal with it [and] face up to it.

"If you find that you are running short of money, getting into next month's pay packet before it arrives, borrowing or spending on credit cards, you need to take some sort of action. It will not right itself, so you need to be proactive in dealing with debt."

Ms Shaw added that account holders should not feel ashamed to be in debt as many Britons have suffered financially since the recession.

There has been a 58 per cent increase in the number of people applying for payday loans since the May Day bank holiday, according to a report from price comparison site ADNFCR-2776-ID-800555592-ADNFCR

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