At the end of the road

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(@Anonymous)
Posts: 0
Topic starter
 

I come to the forum in quite some mess, I feel as though I am stuck in a deep black hole with no way out.
For some time now I have been spread betting on the forex markets, whilst I have won lost a fair bit of money in the past its been relatively under control.
6 months ago although I was gambling using my credit cards I had no debt at all.
Recently though my gambling has become wildly out of control. About 6 months ago my wife warned me to stop gambling before I lost and insisted I shut down my spread betting
accounts. She insisted I withdrew all the money out of my back onto my credit cards.
I stopped for a while, but instead of talking to somebody I decided I could manage my gambling, hid it from my wife and started gambling cash which I was withdrawing from my credit cards in casinos, betting shops and fixed odds terminals.
I had not done this type of gambling before I realised I had soon started running up debts and drawing more and more cash from my credit cards increasing the bets to try and recover the losses moving from place to place to hide my cash spending.
It is now well out of control, I feel as though the gambling is well past talking to my wife about it if she finds out our marriage is over and I will be thrown out the house.
It is crazy to think 6 months ago I was debt free. Now my debts are:
£10k RBS loan took out for a car, bought the car then resold it straight afterwards to fund my gambling.
£30k Credit Cards
£3k Overdraft

I have lost my job because of my rapidly deteriorating health and have very little credit left to cover my debt repayments.
I am worried sick that I don't have any options left as I may be done for fraud for falsely gaining credit for gambling and it makes it look so much worse than I drew out so much cash to try on conceal my gambling from my wife.

I have been to the step change site which recommended Bankruptcy, but I am not sure that is an option.

 
Posted : 6th March 2018 11:52 pm
(@Anonymous)
Posts: 0
 

I hope that you can find some face to face help... if you don't like gambler anonomous maybe you can go anyway just to be able to connect with others and explain the dire straights you find yourself in so that perhaps some kind soul can offer an ear, a heart and some advise. There are financial experts sometime at those meetings... members who help other member with debts and money issues. Take care, breath. I don't know much about bankruptcy but maybe it would work. Just take a few moments to breath and know that life will unfold differently from this point. Get some face to face connection with people who understand. tara2 okay! take care of yourself.

 
Posted : 7th March 2018 3:07 am
Merry go round
(@merry-go-round)
Posts: 1540
 

Hi woolyblu. The best thing to do is call gamcare they will give you advice and the best place to get debt advice from. National debtline, debt camel, citizens advice, stepchange etc. Get job hunting. The money is gone, don't think you'll win it back. Try and find a meeting asap. It doesn't matter if you don't like them, go. Hopefully someone with far more experience will come on and give you better advice. But definitely get some help today.

 
Posted : 7th March 2018 10:34 am
Forum admin
(@forum-admin)
Posts: 6405
Admin
 

Hi Woolyblu,

Well done on recognising the problem with your gambling, and for taking steps to overcome it. You've acknowledged how you've tended to chase losses, how things got really out of control, and how you've used cash withdrawals from credit cards to fund gambling and to cover your tracks. You've mentioned you realised that going it alone and managing it alone is not working.

I appreciate at this stage it feels difficult to talk to your wife, but it sounds like that could potentially make a major difference in finding the resolve and the focus for recovery. Also just to have someone help you manage the money you do have access to so you don't gamble it.

I would agree with Merry go round, call National Debtline or Stepchange, see what they recommend in your particular situation.

Please feel welcome to talk things through with a GamCare adviser on 0808 8020 133 or on our Netline. The advisers can provide emotional support and helpful information, as well as facilitate referrals to counselling appointments if you'd like to access that service too.

Keep posting and engaging on the Forum as well, you will find it beneficial.

All the best,

Eva
Forum Admin

 
Posted : 7th March 2018 11:18 am
(@Anonymous)
Posts: 0
Topic starter
 

Thanks for the works of support, they are much appreciated. I think I have realised that until I can admit to my wife the position I am in, there is no point me even trying to move forward, as that will be my first main step. After that I can address my gambling addiction and then my finances. The worry of it all is making me feel very ill, I am so stressed it feels like my heart is going to blow up.

Many Thanks

 
Posted : 7th March 2018 11:59 pm

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