Martin Lewis has issued an urgent warning to everybody with a credit card as they may be able to cut their debt ahead of a predicted rise in interest rates this week.
The MoneySavingExpert founder stated that credit card deals may worsen if interest rates increase. Last month, the base rate rose by 0.5 per cent to 1.75 per cent.
According to money markets, rates could go up to 2.5 per cent on Thursday. This would mark the largest rise in 33 years.
