Cripplng gambling debt, no idea where to make savings

EimearF

Abandon said:

Deleted_User said:

So if you take out one last loan before bankruptcy to have another bet where *this* time you know you are sure to win (like all the other times), what then happens with the winnings?

Until a time you kick the gambling addiction and wake up you are a lost course. All you will do is rack up the gambling debt again.

That's unfair. The only reason I gamble is to try and win back my losses. If the government writes then all off in a bankruptcy /default then I won't gamble again. I promise. 

There is no use promising anything to people in here, it’s your life. 

In the course of this thread you have gone from gambling 100-150 a month to taking a £3/4K loan to gamble. You need to get support and quit. You will never cover your losses through more gambling. It’s ruining your life. 

No one it’s trying to attack you, we are genuinely trying to help you get yourself to a better place. 

cymruchris

Bankruptcy will clear the debt here and now - but it won't solve your gambling problem. If you take out one last big loan (assuming they give it to you - I guess they won't) then yes - it's likely you'll be given an extended bankruptcy, as it will be considered reckless - as has been said up to 15 years instead of the traditional 1 - and you know what that means? Virtually no credit for the next 15 years - you won't have an overdraft - you won't have a credit card - you won't be able to take out any loans - you will only be able to spend what you have - and you won't have any influence over that at all. Maybe that's a good solution to your gambling habit? If you can only spend what you earn - that might help? On the downside - it also means you'll likely never get a mortgage - are you planning to rent forever?

John_

Abandon said:

Any thoughts very welcome. I reckon I might just bankrupt but really keen on advice!

Cutting out the gambling entirely needs to be your top priority. Do you know why it is that you still do it? You (like over 99% of gamblers) lose money on it, you are worse at understanding the correct odds than the bookmakers are, so you presumably understand that this is not a route for you to make money, are you still thinking that you might win back what you have lost?

John_

Abandon said:

Fireflyaway said:

Have you taken steps to address the gambling? It's all very well sorting your current debts but if the addiction is still there you will get into issues again. If you haven't I would recommend gamcare. They have a helpline you can call for support and advice.
Not meaning to be rude but I think you have an income problem. Your take home pay is pretty low, how old are you? I'd seriously look at retraining or upskilling to increase your income. Your outgoings look ok but I think groceries could be cut quite a bit. 

Call centre, it's minimum wage with a sales bonus but I don't ever really make the bonus sadly. I'd like to do something else but there just isn't anything.

I'm 37.

What do you mean there isn’t anything?

There are literally thousands of different jobs in the UK, here’s a small selection to get you started.

street sweeping
fighter pilot
pizza delivery
research physicist
doctor
nurse
teacher
policeman
actor
mechanic
accountant
shop assistant
imam
pork farmer
roofer
dental technician
politician
judge
fluffer..l

John_

Abandon said:

Deleted_User said:

So if you take out one last loan before bankruptcy to have another bet where *this* time you know you are sure to win (like all the other times), what then happens with the winnings?

Until a time you kick the gambling addiction and wake up you are a lost course. All you will do is rack up the gambling debt again.

That's unfair. The only reason I gamble is to try and win back my losses. If the government writes then all off in a bankruptcy /default then I won't gamble again. I promise. 

I should have read further before posting sorry, I’d have knocked off any jobs that require intelligence or common sense, and saved us both a bit of time.

You are losing, consistently, month after month, and so you know that this is what happens when you gamble. You can’t win your losses back, that money is gone, all you can choose to do is to stop throwing away your poor parents’ hard-earned money, or to continue.
Would it help if you took them out to a nice car showroom, kitchen fitter’s or travel agency, and showed them what a lovely treat they could have had if you weren’t gambling their money away?

theoretica

Abandon said:  I definitely need to cut back on the gambling, but for me it's my one pleasure in life (don't smoke, very rarely drink, don't really have many friends, don't go to football/Rugby etc) and I'm loath to stop altogether.

Abandon said: That's unfair. The only reason I gamble is to try and win back my losses. If the government writes then all off in a bankruptcy /default then I won't gamble again. I promise. 

Rather contrasting statements. 

Abandon

John_ said:

Abandon said:

Deleted_User said:

So if you take out one last loan before bankruptcy to have another bet where *this* time you know you are sure to win (like all the other times), what then happens with the winnings?

Until a time you kick the gambling addiction and wake up you are a lost course. All you will do is rack up the gambling debt again.

That's unfair. The only reason I gamble is to try and win back my losses. If the government writes then all off in a bankruptcy /default then I won't gamble again. I promise. 

I should have read further before posting sorry, I’d have knocked off any jobs that require intelligence or common sense, and saved us both a bit of time.

You are losing, consistently, month after month, and so you know that this is what happens when you gamble. You can’t win your losses back, that money is gone, all you can choose to do is to stop throwing away your poor parents’ hard-earned money, or to continue.
Would it help if you took them out to a nice car showroom, kitchen fitter’s or travel agency, and showed them what a lovely treat they could have had if you weren’t gambling their money away?

Is that a serious suggestion?!?!?
My parents give me money, what I do with it is nothing to do with them,ok.

[Deleted User]

Do they know you're in debt to this tune and that you have a gambling problem?

Seems weird that they pay you pocket money each month when you are a grown adult earning a wage that more than covers your rent and priority bills.

I wish I was getting a cheeky payment like that every month! They must be rich! In that case, can't they help with clearing down the debt?

Abandon

Deleted_User said:

Do they know you're in debt to this tune and that you have a gambling problem?

Seems weird that they pay you pocket money each month when you are a grown adult earning a wage that more than covers your rent and priority bills.

I wish I was getting a cheeky payment like that every month!

No, they don't know, and it's none of their business. My mum in particular would be so upset as they struggle with money, especially as they're both furloughed. 

I started getting it about six months ago when I was struggling financially, they agreed to help me out with a monthly payment. It's not been mentioned again so I'm still getting it. I admit I'm terrified it stops. 

EimearF

Deleted_User said:

Do they know you're in debt to this tune and that you have a gambling problem?

Seems weird that they pay you pocket money each month when you are a grown adult earning a wage that more than covers your rent and priority bills.

I wish I was getting a cheeky payment like that every month! They must be rich! In that case, can't they help with clearing down the debt?

@Deleted_User   I’m a married woman in my thirties who still gets pocket money! Lol My Dad loves helping us but he has the money.

Abandon I too was once in a position where I feared the parental help would stop and I couldn’t pay my bills. My vice was ridiculously extravagant travel and I realised I was spending all this money (20k a year) on something I thought I enjoyed when really it was an albatross around my neck! You will never regret giving up gambling.