TV personal finance expert Martin Lewis has warned debit card users to avoid spending beyond their current bank balance and relying on their overdraft too often.
Speaking during an episode of ITV’s The Martin Lewis Money Show Live devoted entirely to debt, the expert explained that overdrafts are in fact one of the most expensive ways to borrow money and urged viewers to stay clear of debt by carrying out balance transfers to move expensive debts onto credit cards with 0 per cent interest.
