Gambling addict repaying debts

Hi Nointerest9,

We are not experts in debt advice, but free independent money advice is available from organisations including:

• National Debtline – 0808 808 4000, www.nationaldebtline.org
• Money Advice Service – 0300 500 5000, www.moneyadviceservice.org.uk
• Citizens Advice – www.citizensadvice.org.uk
• StepChange – 0800 138 1111, www.stepchange.org/
• PayPlan – 0800 280 2816,  www.payplan.com/gamcare/

Kind regards

Forum Admin

Hi... good question. I do the same. I just say it as it is. My experience is that it doesn't lead to harsher debt collection, quite the opposite. I think they become more realistic and more likely to accept token payments or no payments at all. Ive had creditors put me on medical holds for months.

I think like in life the banks respond positively to honesty and they are probably just pleased that you are maintaining contact. They know anyway, cos they can see it in your transactions.

Hope this helps a bit

A slight caveat to the above is pay day loan companies. They seem to follow slightly different rules. If you default on them, they are more likely to hassle you, sell your debt on etc etc. Remember they probably lent irresponsibly in the first place and therefore are less sympathetic in how they try to get there money back. Just my opinion anyway.