Debt Diaries

Debt diaries 011

Anonymous
January 16, 2024

🎂  Age?

26

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🌎  Location?

Andover

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🫥  Source ?

Anonymous

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💸  Debt balance?

£10,323

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👂 What will you be sharing?

Spending regret story

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📖  What would you like to share?

"My biggest spending regret is going privately with my dental care.

I was 19 and instead of going to an NHS dentist I went privately ( ot realising the cost).

By this point I already needed a root canal.

I ended up getting a credit card to cover the payments and it has spiralled since then."

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❓ What happened for you to be in your current debt situation?

"My current debt situation is as bad as it is because I took out loans and credit cards to be able to pay other loans/credit cards.

My debt kept spiralling!"

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Incredible is a trading name of Incredible Technologies LTD, a company registered in England and Wales (No. 13469248). Incredible is acting as an agent of TrueLayer, who is providing the regulated Account Information Service, and is Authorised and Regulated by the Financial Conduct Authority under the Payment Services Regulations 2017 and the Electronic Money Regulations 2011 (Firm Reference Number: 901096). Incredible is a distributor of Modulr FS Limited, a company registered in England and Wales with company number 09897919, which is authorised and regulated by the Financial Conduct Authority as an Electronic Money Institution (Firm Reference Number: 900573) for the issuance of electronic money and payment services. See here for more details on Modulr.

*The example assumes you have a credit card balance of £2,100 with an interest rate of 21% and making minimum repayments. Rounding up £5 per week and paying the total towards your monthly credit card bill.

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