best way to deal with gambling debt?

thank you brother.

Although they were were supplying a service we wanted to feed our addictions at the time these payday loans companies are absolute s**m as they feed off society's most vulnerable.

I never even used to look at what the interest rate was I was that desperate to get the money. 

I remember once rolling over a £1,000 wonga loan 3 times so it wound up costing me about 3 grand over4 months. unfortunately I don't think you can claim off them any more

Hi Peter86, 

CreditKarma is free, you should be able to see almost all your borrowings there up to six years, Creditors report to difference agencies so you might need to get equifax or experian as well. equifax is only £7.95 for a month so you can cancel right after you get all the info you need. Call your old banks and request for hard copies of your statements dating back to six years, they will post it to you. I had to do that for one of my accounts. It's a dirty job but will pay off in the end. It was also good for me in the sense that it was a reminder of how stupid I had been over the years, just gambling away my hard earned money.

I was late with Wonga too, instead of getting over £3k in refund, I got a ridiculous £150 after administrators settled everyone that was mis-sold

it's such shame that @frogman they were my first and most regular (and irresponsible lender). absolutely gutted it's too late now

hi @frogman I am on debt camel and you are right, it is extremely helpful.

I have been on their list of direct lenders, and as suspected I have had loans with the vast majority of them

What I am wondering, is if sending a generic email that doesn't mention specific loans, dates, or amounts will still be as effective in them having to review everything they have lent me and then make me offers on that basis? (as opposed to being specific and saying, you lent to me 6 times  on X dates at a total cost of £X interest)

Will they still have to respond within 8 weeks?

If you wouldn't mind me running my email letter that I am proposing to send by you could you please drop me an email? my address is [email protected]

thanks again

Hi Peter, 

Creditors are legally required to respond within 8 week, very few stubborn ones don't keep to the deadline but they will always keep you up to date with where they are with the investigation.

There is a template on debtcamel which should suffice but what I did was tailor mine to suit my circumstance for each loan I took out so that it carries more weight, not that it really matters much though, but I personally think that  if you are able to point out to them the reasons why you thin the loans were unaffordable, they are more likely to give in rather you having to refer it to FOS if they reject it.

My simple advice is that try and make out time to dig out everything, although, creditors will give you details of all your borrowings, if you have those details to hand, it helps.

@frogman Hi having read some of your posts some advice would me much appreciated regarding endless loans with crazy interests being taken out against a limited company. Is there anything that can be done without harming the business?