Personal Finance

Stubborn debt: How to tackle it like a leaky bucket

Peter McGahan outlines how you can tackle your debt in 2025, one step at a time

Total UK credit card debt stands at over £200 billion. The average credit card rate is just over 23 per cent, giving a total credit card interest of £44 billion a year
Move your credit card debt to a 0% interest card for 12–18 months. You’ll save a fortune. Just clear the balance before the offer ends Move your credit card debt to a 0% interest card for 12–18 months. You’ll save a fortune. Just clear the balance before the offer ends
By Peter McGahan