In
UK credit card holders now owe an average of £4,000
on their plastic and with retailers reporting a slump in sales
not seen for two decades, it is clear that shoppers are reining
in their spending. In short, it's payback time.
To
clear a debt of £4,000 on a card that attracts an interest
rate of around 15% will take more than two years assuming
a monthly repayment of £200. There are, however, plenty
of simple ways to make significant savings on your regular
spending that could clear the debt many times over in less
than a year.
Here
are This is Money's top 50 money-saving tips [click
here to find out more].
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Clear your
credit card debt 
