£500 Help

dannywin

hello my names Danny, i am 19.

i have a problem that i hope someone can help me with.

i've been betting online on a website called casinolasvegas.com, i've manage to become £500 in debt from this last week. i have no credit card and no overdraft on my on my debit card. i fear that because im on an apprenticeship only earning £100 a week i am really going to struggle to pay this and i cant tell my parents because they will throw me out of my house.

please can anyone help me on this this. is there anyway i can get a loan?

aussielle

dannywin wrote:

i cant tell my parents because they will throw me out of my house.

Are you really sure you can't tell?

It's just as a parent of teenage boys I'd want to know. Admittedly, I might go ape at first but ultimately, I'd want to help, I wouldn't ever want them to think they were alone with a problem and be unable to turn to me.

dannywin

its just ihad a problem before where i owed £400 about a year ago and since then relations hasnt really been gettin along. by that they were planning on getting me to live with my grand parents where they havent got internet. which isnt a bad thing but its like about and hour drive from my friends and about 2 hours on the bus to work

s1h

dont u have to fund the cash from a debit card or something then to bet on that site?

s1h

If you really can't tell your parents then you don't have a lot of options. I think you will struggle to get a loan with only an income of £100 per week. Do you have a mate or something that can lend you the cash?

Your best bet will really be a credit card, they throw them at people. Do you have any bad credit history? If not you should be able to get one even on £100 a week. Although the thing is its not always good to get in more debt to pay off debt, but then I guess with a credit card you could pay off the minimum payment or a bit more if you can and then pay the rest off when your earning more.

Also I can't remember where it is or where to find it but im sure there is something that you can download off the net onto your computer which means that it wont let you access any gambling/betting sites.

dannywin

orite thanks for the advise. do you know any credit cards i would be able to get?

s1h

capital one will give you one without fail, https://www.capitalone.co.uk go for their classic account. Minimum limit is £200 so you would get that i would think.

Barclaycard will probably give you their initial visa as well. https://www.barclaycard.co.uk they normally give £300 i think to start with.

You could also try vanquis if your really stuck you are guaranteed to get the card i would have thought but their interest rates are high.

What about your grandparents your mentioned couldnt you tell them.

freebird65

Hi there.....do you maybe have any older brothers or sisters you could speak to? It may seem like there's noone for you to talk to, but I'm sure if it came down to it, your family would rather you turned to them for help.

Good luck!!

s1h

Surely it cant be that bad its only £500. Have you got a gambling problem? It sounds like it if you are using something that takes the money from your account when you know you don't have it in there.

Who do you owe the money to? The casino or the bank?

furndire

If you do manage to get a credit card, once you have paid the £500, CUT THE CARD UP and Pay every spare penny you have off it every week. Minimum payments are not enough. The interest that is added on at the end of each month is exhorbitant, If you don't, you will be on the start of a slippery slope.
Remember, even if you borrow the money from friends, it still has to be paid back. Too many times people borrow money, and loose friends through it.
I hope this turns out well for you, and hopefully it will be a very steep learning curve

It sounds like your parents are worried about you spending time on the internet, and have already done something similar ~ so I agree with s1h if you can get something to stop you going on gambling sites its the best idea (I nearly said bet then, but thought it not the best word to use).

Tori_Bellatrix

s1h wrote:

capital one will give you one without fail, https://www.capitalone.co.uk go for their classic account. Minimum limit is £200 so you would get that i would think.

Barclaycard will probably give you their initial visa as well. https://www.barclaycard.co.uk they normally give £300 i think to start with.

You could also try vanquis if your really stuck you are guaranteed to get the card i would have thought but their interest rates are high.

What about your grandparents your mentioned couldnt you tell them.

I don't think any card can be guaranteed anymore...not even Capital 1 or Vanquis .... you still have to meet a minimum criteria ..