My own Problems financially due to gambling and mental health

Shadowhound202

Hello all this is my first time on this forum so I’m hoping this could be my saving grace ☺️

BACKGROUND

Currently 24 years of age who has had big issues with gambling and mental health issues in the past which equated in me getting into my overdraft every month, numerous credit cards all equating too £5000 in total, and my biggest burden, my £19800 loan that I am paying off over 60 months. Never Ending feeling of regret, as you can see the time of my bad mental health, poor judgment on the finance side of life haha.

Current Situation
I Have paid off the over draft and credit cards. Which is a big plus, and I have took control of the gambling so I won’t get back to that position. The big loan was the outcome of all previous debts I had equated from gambling. Which is now all in the past (thank god) but I’m left with black hole sucking away at my account and life...

I am currently +£3000 in the bank which makes it healthy. And I earn on average £2000 a month after tax.
I live at home with my parents and eventually want to get my own mortgage. But I feel whilst I’m still chipping away at this loan, it’s not going to be possible to get one. ��

I am paying £443.48 a month (12.9% APR). On the loan repayments
All in all my out goings in my bank is £800 (direct debits)
Which leaves around £1200.

I feel as though all of the above is mumble jumbled and I could have structured this a lot better.

But my question to everyone is under the circumstances stated above, what’s my best way of getting rid of this big big loan and being free financially?

I really look forward to your responses

Kindest of Regards

Shadow x :money:

redofromstart

Hi Shadow, and good luck with your plans. You may find this diary helpful and I am sure Guybrush would be helpful if you commented: https://forums.moneysavingexpert.com/discussion/5903540/i-have-come-here-to-chew-bubblegum-and-clear-debt-and-im-all-outta-bubblegum-aka-the-83-000-saga&highlight=guybrush

All you can do is keep chipping away at the problem, slowly and steadily getting to where you want to be.