Salman Haqqi, personal finance expert at, said: "It is a worry that so many people are having to rely on credit just to get by; this simply isn't sustainable. With the price of everyday essentials on the rise it's sad many feel they have little option but to live in the red. People are turning to high cost lending to cover everyday costs and ultimately paying a high price for it.

"If you're in persistent debt, it is crucial that you talk to your lenders to set up a payment plan that you can afford.

"Where possible, always try and pay more than the minimum payment on your credit card. Always try and pay off the highest interest debt first and then move the debt onto a 0% balance transfer card, if possible, which will mean you can avoid paying any interest at all.

"Some realistic figures make things easier to deal with, so try to make a budget and find ways to reduce your outgoings. But, If you're really struggling with debt, you can reach out to groups and services like Citizens Advice and National Debtline who can help negotiate with your creditors."

If you are struggling to take control of your money, check out our how to write a budget guide