Martin Lewis is urging anybody within the UK who's scuffling with debt to hold out a two-minute “check” on their bank card.

The personal finance expert is recommending these coping with debt apply for a zero % steadiness switch bank card.

According to Mr Lewis, somebody making use of for this card might save individuals a whole lot of kilos in money.

This is as a result of steadiness bank cards are fitted to people who have debt unfold throughout a number of playing cards or when interest rates are on the rise.

However, Martin Lewis is sounding the alarm that many banks are pulling their zero-percent presents so these in debt could have a restricted to reap the benefits of this feature.

In his most up-to-date Money Saving Expert newsletter, the debt skilled suggested these wanting to save cash on what they need to be doing.

He defined: “Immediately take two minutes to check if you can shift debt to an interest-free balance transfer card and cut hundreds of pounds of unnecessary interest.”

As properly as this, The Martin Lewis Money Show host highlighted that Brtions solely have a sure period of time left to hold this out.

Mr Lewis added: “Don't delay. It's very possible most prime offers shall be pulled quickly."

Balance credit cards permit savers to move the balance from other cards onto a new one and pay no interest over a period of time.

As a result of this, those straddled with debt will find it easier to make their repayments as they are avoiding paying the interest.

Mr Lewis suggests this option as it allows people to prioritise paying off their debt as opposed to the interest being added to it.

It should be noted that the balance cannot be transferred between credit cards from the same financial institution.

Savers can begin the application process for a zero-percent balance credit card over the phone or online.

Once an application is accepted, the transfer of the balance will need to be completed within a set period.

The finance expert suggests that Britons use an eligibility calculator before applying for a new card.

This is due to the fact that any credit application will appear on someone’s credit file and affect their eventual score.

Martin Lewis is the Founder and Chair of MoneySavingExpert.com. To join the 13 million people who get his free Money Tips weekly email, go to www.moneysavingexpert.com/latesttip.