'I was so drunk on a night out that I took out £11,000 loan – I don't know what to do'

We've all had our fair share of boozy nights out.

From drinking too much, to hitting the dancefloor to waking up in weird and wonderful places - most Brits have probably made a drunken mistake or two. But one man's story tops the lot when it comes to troublesome tales.

The anonymous man took to Reddit to open up about the pickle he's found himself in, and people can't stop talking about it. Since he made the candid confession, the post has gone viral online.

He wrote: "So on a drunken night out in Manchester somehow I managed to apply for a loan of 11 thousand pounds. I really don’t want it.

"The repayments come to around £13,500 over 36 months or (£370 something). I contacted my bank to try and cancel it, and they said I’d have to pay £11,350 to get it over and done with.

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"I’ve been trying to think of ways I could just use the money to cover the extra interest rather than paying the lump sum on top as to be honest, I’m not really in a financial position to pay the £350 at the moment.

"What would you guys do? I already feel like an idiot so unless it’s funny try not to have my life about it. Any advice would be greatly appreciated."

As you'd expect, hundreds of people have since commented to share their views. Some seemed to think there may be things he can do to try and get out of the sticky situation.

One person replied: "As long as it’s within 14 days I believe you can back out of it without any repercussions rather than pay it back with extra? I know that’s how it works with car finances, etc. But hopefully someone else can confirm."

Another wrote: "It should work in the same way for a loan, you can use the cooling of period within 14 days, and they should waive the interest over that period of days they’ve had it. Some companies might not.

"It looks like in OPs case though if they’re asking for £350 extra they’ve been outside of the 14 days possibly. I’d think the only way around that is to give back the £11,000, and see if they can readjust the terms of the loan agreement for the £350."

A third replied: "Get as drunk again with a friend and see if you can work out what you wanted to buy for £11,000. Then definitely contact the bank – as drunk purchases are usually bad."

Meanwhile, a fourth couldn't help but make a joke, writing: "Last time I got wasted I bought a basketball despite having no interest in the game and a fire extinguisher. You have me beat OP."