PayPal debts.

What is that?
I already have an IVA in place.
They have surprisingly been okay with this debt, just have to send them monthly proof of my 50 monthly payment.
Such a mess but I now see light at the end of the tunnel.
Hopefully in 5 years time I will be debt free and never ever fall into this horrible trap again.

Stay strong little l

Cheers thank you do you pay off PayPal direct or through a debt company.its a debt management plan I have for my other debts

Yes I pay if off through a company (debt collection agency)
My IVA is separate.

Hello LittleL1234,

We have noticed that although this is a forum to support recovery from problem gambling, you haven't posted about your gambling or your recovery, but you have posted numerous times about your anxiety over financial matters.

You might like to get free professional advice from services like the Money Advice Service 0800 138 7777

https://www.moneyadviceservice.org.uk/en

There are various free debt advice services detailed on our links page:

https://www.gamcare.org.uk/about-us/links-other-support-agencies

To get the most out of this forum to support your recovery, you might like to start your own thread and post a little about your recovery from your gambling problem.

You are also welcome to call us on our freephone 0808 8020 133 or netline, to speak with an adviser for emotional support and information about local free therapy services and other sources of information and advice.

Take care,

Forum admin.

Keyword Paypal threw up a load of threads with the same issues.  I don't need to ask the question if it's still happening as sadly last night I burned through money that I didn't have in my bank account or paypal account at a ridiculous rate and could've gone a lot further.

I know for me it's the gambling that I need to address but I would like there to be restrictions in place for future me and others to stop being able to use £0 account Paypal balances to accept numerous large transactions over a short period of time to gambling companies.

Is there anything being done that I can lend my voice to?  Is it a case of writing to MP/MSPs?

Currently in that next day mixture of rage and self loathing.

Posted by: LittleL1234

I haven’t had calls from PayPal as yet I have emailed them but no response. I feel I am weighed down by this I have 12k owing to PayPal and over 50k of unsecured debt is going bankrupt a realistic option or a cowards way out?

I am in a very similar situation to you and currently have a negative balance of over £13k to PayPal because of gambling 🙁  I would really like to know how things panned out for you with them.  I am at my wits end 🙁 I hope you answer and I hope you have managed to keep gamble free.  My debts overall are just under £120k :'(

Similar issue here I used Gamstop ... i blocked my bank card by contacting my bank to not allow payments to that company. Shortly later I found another loophole ... PayPal then decided it was a good idea to offer me payin3 ... I assume they tried to contact me but I’ve become a recluse I don’t use a mobile phone anymore I snoop around the window when I hear the doorbell. I feel this is a issue I tried everything to avoid but when they provide stupid loopholes what do they expect a 28yr old gambling addict with  nothing to show for his whole life, never claimed a day of benefits in my life worked for every penny I’ve wasted. I live at home with my parents don’t even have a driving licence. As we speak i managed to loose another £200 I spent all weekend earning in the matter of 6mins. I truly have a issue and I was on track until I found this ... loophole. I worry I’ll take out my anger on people who come to collect the money when PayPal sell the debt I have nothing to give nor nothing to loose so it’s scary. I’m alive because my mother try’s so hard and I keep all these secrets. I’m sure she knows I still gamble she isn’t stupid but I don’t think she understands the extent of my issue. Just a shame I look forward to the day my mother passes away so I can give up without the guilt. Sorry it’s all over the place I just saw a opportunity to open up and see what people think on my issue and if PayPal should be held accountable for allowing technically a loan...

Hello @degenpleb,

It sounds like you are focused on your debt at the moment so here are a few links for free debt advice

Money Helper 0800 138 7777

https://www.moneyhelper.org.uk/en/money-troubles/dealing-with-debt/tackling-problem-gambling-and-debt

PayPlan 0800 280 2816

https://www.payplan.com/gamcare/

StepChange 0800 138 1111

https://www.stepchange.org/debt-info/gambling-debt.aspx

In your post you say "I look forward to the day my mother passes away so I can give up without the guilt", which makes it sound like you sometimes experience suicidal feelings?  

NHS website page listing various resources for getting help for suicidal thoughts:

https://www.nhs.uk/mental-health/feelings-symptoms-behaviours/behaviours/help-for-suicidal-thoughts/

You are welcome to talk with us about the free services we offer to support recovery from problem gambling. 

The National Gambling HelpLine is available on 0808 8020 133 and our 1:1 Livechat are both open 24 hours every day.  

There is also a lot of guidance to read on this website if you don't feel ready to chat yet. 

GamCare website self-help page about ‘Money Management’:

https://www.gamcare.org.uk/self-help/money-management/

Take care,

Adam.