Martin Lewis shares four golden rules for everyone who is in debt

manchestereveningnews.co.uk:

Martin Lewis, the consumer champion, dedicated a significant portion of his ITV show this week to providing advice on how to reduce debt and find support if financial burdens are becoming unmanageable.

He encouraged viewers not to ignore any bills or letters due this month, which may be higher than usual due to Christmas overspending.

The best way to reduce credit card debt, according to Martin, is to transfer your balance to a new card that offers a zero per cent interest rate.

His key advice for those in debt is to minimise the amount of interest paid - typically around 25%, repay borrowed credit as quickly as possible, and seek advice from a non-profit organisation if the situation becomes too difficult to handle alone.