I borrowed £1,500 for a car and ended.up losing my home

Grandad tells of debt hell that left him owing £65k

- PAIGE OLDFIELD

WHEN Brian Flynn took out a £1,500 loan to buy a friend's car, he was totally unaware that one decision would change the trajectory of his life forever.

High interest and mounting fees meant his debt ballooned to £65,000 in just a few years, eventually leading to the loss of his beloved family home.

The nightmare ordeal means the 62-year-old now lives in council accommodation and survives solely on Universal Credit. It all started when Brian, who once worked as a building maintenance surveyor for a housing association, took out a £1,500 loan from Everyday Loans in July 2020.

Having settled the initial payment, Brian lost his job after being forced into early retirement, leaving him relying on Universal Credit. But when he contacted Everyday Loans to negotiate an alternative repayment scheme due to his changed financial circumstances, he claims they refused to help.