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Wales Online
Wales Online
National
Jonathon Manning

Martin Lewis explains golden rule to pay off expensive credit and store cards

Consumer champion Martin Lewis was back on our screens tonight with a top tip on how to save money on expensive credit card debt. On tonight's episode of the Martin Lewis Money Show, the presenter shared advice on how to make the most of balance transfers.

Credit and store cards can often be the most expensive type of debt a person can own due to their high rates of interest. An average credit card can have an interest of 20%, meaning the monthly interest alone can make them hard to repay. Thankfully, Martin had a solution.

Speaking on the show he said: "If you have got credit card debts and you need to sort them sooner is safer. If you can't afford to clear your credit or store cards in full you can't afford not to check for a 0% balance transfer.

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