so I'm at the end of a horrific addiction taking small steps, accounts closed and Admitted my addiction to family ect but taking hold of my finances is not a day to day I'm now in so much debt due to gambling I'm negative every month I think bankruptcy may be my only hope of a compleat start over
Hey TM
Welcome aboard. I am sure the combined debt of our members and readers is a frightening amount.
Remember though it's only money. There is a saying.....when you owe the bank £5000 you have a problem, when you owe them £50'000 the bank has a problem.
Whomever you owe will want something back. As long as you don't have property as a security the banks will deal.
I took an Iva out many years ago, it's worth looking into as you pay a fair percentage of the debts back at a maneagble monthly amount and the interest is frozen. However your credit history will take about 10 years to recover
Good luck with whatever you decide
Contact Step to change or make an appointment at CAB . Do it asap , once you talk to someone you will feel better ! Trust me as someone who nearly lost their home this week , get advice soon . They will work out a budget and advise the best solution for you . Hope this helps
I was thinking of doing the same but I am just worried I am getting charged with fraud as I have only just took out a massive loan last month I have over 30 grand worth and gambling debt and I just don't know what to do to pay it back the repayments are more than I earn so having to do extra shifts to pay but not sure how long I can keep this up for
Speak to the national debt help line first be really honest about everything they are really helpful x
Hello all,
Many of our forum users have posted positive feedback about using free professional debt advice from services, such as
the National Debtline 0808 808 4000 https://www.nationaldebtline.org/EW/Pages/default.aspx ,
StepChange 0800 138 1111 https://www.stepchange.org/
PayPlan 0800 280 2816 https://www.payplan.com/
There are additional signposts here: http://www.gamcare.org.uk/about-us/links-other-support-agencies
Kind regards,
Forum Admin.
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