HOT TUB DEBT SOUP

Fkness score: 81/100 — FKED BEYOND REPAIR · Category: money · Filed by anonymous

The situation

Maxed 3 credit cards buying a hot tub

You're relaxing in bubbles while interest boils you alive.

The read

You financed leisure at 29.9% APR. That hot tub is now the most expensive bath in your postcode.

Damage report

  • Damage: 80
  • Own fault: 100
  • Humiliation: 50
  • Wallet damage: 95
  • Fixability: 40
  • Survival odds: 40%
  • Recovery time: 2-4 years
  • Worst case: Bailiffs, but you're very relaxed about it.

Rescue plan

  1. List every card balance, APR and minimum payment.
  2. Call each lender and ask about hardship plans.
  3. Look into a 0% balance transfer if your score allows.
  4. Sell the hot tub if payments exceed 20% of income.
  5. Speak to a free debt charity like StepChange.

Comments (0)

No comments yet.