One in four people are already overdrawn this month

A new study has revealed that a quarter of Brits are overdrawn by the 17th day after payday. By the end of the month, a third of people will find themselves dipping into their overdraft or spending on a credit card, and shockingly one in 100 people say that even on payday they never manage to get themselves back in the black.

This could have potentially disastrous implications.%VIRTUAL-SkimlinksPromo%