384General restrictions on relief under ChapterU.K.
This section has no associated Explanatory Notes
(1)Relief is not to be given under this Chapter for interest on a debt incurred—
(a)by overdrawing an account, or
(b)by debiting the account of any person as the holder of a credit card or under similar arrangements.
(2)If interest is paid at a rate in excess of a reasonable commercial rate, relief is not to be given under this Chapter for so much of the interest as represents the excess.