More people than ever are relying on credit to stay afloat and, even with the Bank of England's base lending rate at an all-time low, many are dramatically overpaying for the privilege.
Making better borrowing decisions could cut their interest bills by hundreds – in some cases thousands – of pounds.
Charity Credit Action says the average UK household owes £7880 on credit cards, personal loans, overdrafts and finance agreements. Adding mortgages takes the total to £55,483.
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