Steve Morris, 60, of Weymouth, England, said he took out a $15,300 loan for some equipment and his debts continued to mount as he became unable to repay the bank loan, The Sun reported Monday.
Morris said he lived in the shed with only his microwave and television for an entire year while debt collectors posted an eviction notice on his house and changed the locks.
He said his hiding spot was discovered when worried neighbors called police to report he hadn't been seen.
Morris said he has since been working with group Citizen's Advice to freeze his debts and draw up a payment plan. He said he is now back living inside the house.