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Is honesty best policy with bank? In debt with bank (gambling)

hi my overdraft is due to be taken away in july and due to a gambling addiction i am in alot of debt. the gambling issue i attend a weekly meeting for and have stopped for last 6 weeks. i know it doesn't sound long but everyone has to start somewhere. anyways to cut along story short i am going to have to do a repayment plan with bank. is it best to be honest that i am in the trouble due to gambling or not? i am unsure how to go about these things. any help would be great thanks

Comments

  • opinions4u
    opinions4u Posts: 19,411 Forumite
    Ultimately the bank will just want their money back, so the reason you've got in to debt probably isn't too relevant.

    Given that you are taking steps to take responsibility for your addiction and the issues around it, I think honesty is the best policy.

    Good luck.
  • gordikin
    gordikin Posts: 4,422 Forumite
    jonnym8083 wrote: »
    hi my overdraft is due to be taken away in july and due to a gambling addiction i am in alot of debt. the gambling issue i attend a weekly meeting for and have stopped for last 6 weeks. i know it doesn't sound long but everyone has to start somewhere. anyways to cut along story short i am going to have to do a repayment plan with bank. is it best to be honest that i am in the trouble due to gambling or not? i am unsure how to go about these things. any help would be great thanks

    Well done for getting yourself sorted mate....I do not know any poor bookies....and I stay in the County with more bookies per capita in the UK!
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