Callum, a school laboratory technician, moved out of his parents’ home at the age of 18. Just like a lot of people his age, Callum was new to the world of lending and admits he was still quite immature when it came to money. In order to fund his rent and new found independence, he decided to borrow some money on credit.
He took out several credit cards but by his own admission, he “made the error of thinking it was free money”. He maxed all of the cards and found himself heading into more debt than he could handle. He started to use payday loans to pay the late fees on his credit cards, then used the cards to pay off the payday loans.
We spoke to Callum about his journey and how using ClearScore helped him get his finances back on track.