He says 'deals may get worse quite quickly'
Interest rates will be reviewed by the Bank on England on Thursday, September 21. Many experts have warned that a rate hike could be on the cards with the City bracing itself for a figures that have been rumoured to go from the current 1.75% base rate as high as 2.25%. With this in mind, Martin Lewis has issued an urgent warning to anyone with uncleared credit card and loan debts.
Consumer champion Lewis, issued a warning. He said that "deals may get worse quite quickly. So if you need to sort yours out, sooner is safer..."Offering up ways that Brits could help themselves and guard against rate changes, Martin said that a 0% balance transfer could be a solution for those that can't afford to clear their debt.
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