Gambling with payday loans

GDEKS

Hello, I’m 18 years old and lost all my money through gambling, I stupidly started taking payday loans out to try and win back what I lost but now I’m in about £1500 debt.

The worst part is I lied about having a job to get these loans because I kept telling myself I’m going to win the money back and pay them off, I think I’m addicted to be honest.

I know what I have done is immoral and illegal but I have no clue how to get myself out of this mess so looking for any tips, thanks.

Sncjw

First self ban yourself from the sites. Then look for a job to oy the loans back even a shop job.

dresdendave

Sncjw wrote: »

First self ban yourself from the sites. Then look for a job to oy the loans back even a shop job.

I'm sure people who work in shops will appreciate the respect you obviously have for them.

Sncjw

I used to work in a shop. I ment it as the op may look at work I that will take a long time to get As he or she may set his aspirations high for a job

Sncjw

I meant to get a job quickly to pay off the debts

GDEKS

Okay thanks, I am at college 5 days a week till summer doing my A levels so I might only be able to work certain days, if I am taking ages to pay the loans back will the payday loan companies not procecute because I lied on the applications?

Sncjw

Most places esp shops have students and offer flexible working.

Sncjw

Have you got any money in the gambling accounts. If so withdraw it and use to pay some of the debt off

Shakin_Steve

GDEKS wrote: »

Okay thanks, I am at college 5 days a week till summer doing my A levels so I might only be able to work certain days, if I am taking ages to pay the loans back will the payday loan companies not procecute because I lied on the applications?

They won't prosecute you but they might pass your details to a debt collection agency. Your credit file will take a hit too.
You've made a big mistake. But your are young and can learn valuable lessons from this.
Leave the gambling alone, it's a mugs game. Come clean with the lenders, they can't kill you.

BrassicWoman

throw yourself on the mercy of your parents. and work nights in a pub.

GDEKS

Okay thank you, I know I have made a massive mistake and I appreciate the help, I have closed all accounts now and I am going to tell the companies what Ive done and tell them Im going to find a job.