I was £25k in debt after maxing out 10 credit cards – now I’ve paid it all back & STILL kept my designer wardrobe

WHETHER you’re ordering a coffee on the go or indulging in a light bit of retail therapy, paying with contactless cards is just SO much more efficient.

But let’s be honest, it can also make it feel as though you’re not actually spending money. Right?

Instagram/@nikki_hobsonNikki maxed out 10 credit cards in the space of two years and felt like she was drowning in debt[/caption]

Instagram/@nikki_hobsonThe fashion fan has cleared her debts by renting out her wardrobe[/caption]

Well, one person who knows a little something about this is Nikki Hobson.

Speaking to 9Honey, the 31-year-old from Australia explained how she managed to rack up a debt of AU$50,000 [£25,000] by maxing out 10 credit cards in the space of two years.

“It was complete mindless spending on food, clothing, travel, everyday expenses and the little things that up,” she said. “I would just tap my card and not think about it.”

Pretty soon, Nikki’s spending started catching up with her and she would avoid opening warning letters from her bank at all costs.

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Once she realised it would take her 90 YEARS to clear her credit cards with minimum payments, Nikki turned to her boyfriend Riley for help.

After receiving therapy to look into her impulsive spending, Nikki slowly started paying off her debt through her salary as an executive assistant.

But while she was thinking of ways to do it even faster, Nikki had an idea: she could RENT some of her designer dresses out.

To kickstart her new side hustle, Riley purchased his girlfriend a new £500 Zimmerman dress – which he made her promise would only be used for renting.

Nikki now has 40 dresses available to rent on The Volte – which is how she has paid off her enormous amount of debt.

“I’m turning my assets into a business – I buy a dress, wear it and then rent it out,” she explained.

What’s more, Nikki says some of her dresses have been rented by customers over 40 times in the past month – and she charges up to £200 for a Zimmerman frock.

And Nikki is now so busy with orders that she’s had to ask Riley and her loved ones to help ship them all out for her.

“I buy the styles I like and make sure they’re all good quality,” Nikki said. “For example, a silk slip wouldn’t have the same longevity as a nice linen piece.”

Instagram/@nikki_hobsonNikki now rents 40 dresses online[/caption]

Instagram/@nikki_hobsonShe charges up to £200 to rent one of her designer frocks[/caption]

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