I Need Help Clearing My Debts :(

Pixie5740

Do the family members you want to borrow money from know you're a gambling addict?

fr0zen

Pixie5740 wrote: »

Do the family members you want to borrow money from know you're a gambling addict?

The short answer is yes. They are aware I went through a tough period in the last couple of years, and out of desperation, fell into gambling, became addicted and recently took self imposed measures to control that addiction.

Does it matter? The money would be used to service my debts, not for the purposes of further gambling. People get into debt for all sorts of reasons, my debt is not as a direct result of gambling.

If I have a long term sustainable plan for the future, then there would be no need for me to gamble. I've worked my entire adult life, am educted with a degree/masters so have the capacity to earn well.

Pixie5740

fr0zen wrote: »

The short answer is yes. They are aware I went through a tough period in the last couple of years, and out of desperation, fell into gambling, became addicted and recently took self imposed measures to control that addiction.

Does it matter? The money would be used to service my debts, not for the purposes of further gambling. People get into debt for all sorts of reasons, my debt is not as a direct result of gambling.

If I have a long term sustainable plan for the future, then there would be no need for me to gamble. I've worked my entire adult life, am educted with a degree/masters so have the capacity to earn well.

If I were going to lend someone £25k then it would matter to me. I would need to be absolutely certain that I could afford to lose £25k by handing it over to a gambling addict who is up to their eyeballs in debt because the chances of seeing a penny back are slim to none.

You've also admitted that you have kept a couple of your gambling accounts open albeit with low limits. That isn't getting a handle on your addiction that is complacency.

fr0zen

Pixie5740 wrote: »

If I were going to lend someone £25k then it would matter to me. I would need to be absolutely certain that I could afford to lose £25k by handing it over to a gambling addict who is up to their eyeballs in debt because the chances of seeing a penny back are slim to none.

You've also admitted that you have kept a couple of your gambling accounts open albeit with low limits. That isn't getting a handle on your addiction that is complacency.

With respect, you are not borrowing me the money but you come across like a) you are b) you know my situation and c) label every gambler as irresponsible and complacent.

The money will be gifted to me, not borrowed, with no expectation of repayment. The question has of course been asked if I will use this money to take care of my debts, rather than gambling.

Going from having no responsible gambling controls to self excluding from all casinos and limiting my online accounts to negligible limits is a massive step. I do the occasional £1 footy accumulator, which is a world away from the £1 mil+ I have wagered in total.

The only question asked here is whether its better for me to use this 25k gift now to service my debts, or file for insolvency and take this money after my BRO for my future - not a lesson in complacency.

Pixie5740

With respect no one is "borrowing" you the money they would be lending you the money although you've now gone from them lending you the money to gifting it to you.

I haven't labeled every gambler as irresponsible or complacent just the gambling addicts who are complacent enough to think they can handle continuing to gamble even on a smaller scale. In other words just you.

It's difficult for anyone to advise since you are drip feeding information. There was no mention of a family member lending or giving you £25k in your OP. Then after everyone unanimously told you that you were insolvent and BRO was the answer you come out with the £25k loan which a few posts later became a gift. What is the truth?

Despite everyone telling you that BRO is your best option you discounted it making up excuses about not wanting to live without credit, that on UC you can't afford to have anyway. Are you now accepting that BRO is a viable option?

MrsSave

I'm sorry but you have not had your lightbulb moment. If you had you would be grasping the advice given here with both hands. You would be starting the £30k a year job as soon as you possibly could. You would be stopping your access to credit. You would be stopping all access to any gambling sites. You keep saying that the gambling hasn't caused the debt, what has then?? There seems to be lots of excuses but very little action I'm afraid.

Gazzafatcityboy

If you truly believe that you are now in control of your gambling then I hold my hat off to you.


I'm a bit lost here now. Are you still unemployed? I get the feeling that you believe you could walk into a 30k a year job. I don't think it is easy as you think.


I don't agree with the approach you are thinking of but if you do try that approach, then the best of luck to you. I just know that the majority of ex gamblers like myself would not have that luxury.

fr0zen

Pixie5740 wrote: »

With respect no one is "borrowing" you the money they would be lending you the money although you've now gone from them lending you the money to gifting it to you.

I haven't labeled every gambler as irresponsible or complacent just the gambling addicts who are complacent enough to think they can handle continuing to gamble even on a smaller scale. In other words just you.

It's difficult for anyone to advise since you are drip feeding information. There was no mention of a family member lending or giving you £25k in your OP. Then after everyone unanimously told you that you were insolvent and BRO was the answer you come out with the £25k loan which a few posts later became a gift. What is the truth?

Despite everyone telling you that BRO is your best option you discounted it making up excuses about not wanting to live without credit, that on UC you can't afford to have anyway. Are you now accepting that BRO is a viable option?

I thought this was a forum for offering advice, but you seem to have a different agenda. Its probably not even worth responding to you, but to clear up your issues raised;

1. Lending, borrowing or gifting - however its phrased, someone is offering me £25,000 without the expectation of repayment. Whether I choose to repay it is a different matter entirely.

2. I mentioned getting 15k from a family member in the OP, which is what I need to cover my immediate interest bearing debt. The additional 10k is at 0% and not repayable for 6-12 months so is not required to clear immediately.

3. Doing a £1 accumulator is similar to someone doing the Lottery, I don't consider it continued gambling in the slightest.

As I have mentioned before, its very easy for someone to say go for BRO, but i'll be the one living with it so I won't just jump into anything, even is the concensus is unanimous here. I'll take the constructive advice offered here, together with my own research and make a decision on what to do.

fr0zen

Gazzafatcityboy wrote: »

If you truly believe that you are now in control of your gambling then I hold my hat off to you.

I'm a bit lost here now. Are you still unemployed? I get the feeling that you believe you could walk into a 30k a year job. I don't think it is easy as you think.

I don't agree with the approach you are thinking of but if you do try that approach, then the best of luck to you. I just know that the majority of ex gamblers like myself would not have that luxury.

I do believe I am in control, appreciate the support.

I can't work at the moment due to personal reasons so technically I am unemployed and on benefits but I could walk into a specific job at a minimum of 30k tomorrow, already agreed in principle. Or if I pushed myself, significantly more money with my experience and skills elsewhere.

My plan is to relax, recover and recuperate over the winter and hopefully get back into work in April 2018 so the decisions I take now regarding my debt is critically important.

Pixie5740

fr0zen wrote: »

I thought this was a forum for offering advice, but you seem to have a different agenda. Its probably not even worth responding to you, but to clear up your issues raised;

1. Lending, borrowing or gifting - however its phrased, someone is offering me £25,000 without the expectation of repayment. Whether I choose to repay it is a different matter entirely.

2. I mentioned getting 15k from a family member in the OP, which is what I need to cover my immediate interest bearing debt. The additional 10k is at 0% and not repayable for 6-12 months so is not required to clear immediately.

3. Doing a £1 accumulator is similar to someone doing the Lottery, I don't consider it continued gambling in the slightest.

As I have mentioned before, its very easy for someone to say go for BRO, but i'll be the one living with it so I won't just jump into anything, even is the concensus is unanimous here. I'll take the constructive advice offered here, together with my own research and make a decision on what to do.

It’s not however it is phrased. Borrowing means the complete opposite of lending.

The fact that you don’t see a £1 football accumulator or the lottery as continued gambling in the slightest will be your downfall. It is gambling.

I get the feeling that any advice we give will fall on deaf ears. Take the £25k and then once you’ve !!!!ed that up the wall go bankrupt.