A recent survey shows that the banks have been increasing charges for both Credit Card use and Personal Loans by huge amounts. This despite record numbers of customers finding it difficult to cope with their already over stretched finances.Barclays as an example have increased their overdraft rates on certain accounts, twice during the last year. 

A spokesperson for Barclays suggested the increases have been implemented to protect the banks profits which have been affected dramatically due to more customers defaulting on their debts.