Oh dear. Credit and me don't mix! I'm 18 and have already racked up thousands of pounds worth of debt over under a year. My poor mom has had to pay them all off for me (late) and I've got to pay her back slowly over the next couple of years.

The worst thing for me was payday loans - they're instant online approval. I'd get an impulsive urge to borrow £400 and because it was instant, it was just way too quick and easy for me to be able to go on a spending spree.

Our house has bad credit because of me. Though I'm planning on getting a credit card to take out small amounts and pay them back to improve the house's credit score.

To combat the problem of taking out payday loans I've had all the major companies I used block my address (with my parents permission) for taking out loans from them so I can't rack up any more debt.

RB.