Debt got too big handle

RAS

Firstly, you've been given some useful contacts on your other thread re gambling and support. 

Secondly, check out sourcrates' signature and contact stepchange or national debtline ( not one of the fakes that use similar names).

In the short-term a Debt Management Plan might help you. That would mean one monthly payment to the debt charity and they handle the rest. The problem would be your employer debt, as they usually pay everyone pro-rata. But they may be open to discussion; say you pay your ex-employer a DD every month a a priority debt and the debt charity a lump sum that they disburse to everyone else, which increases when the employer is paid off?

And please go and see your doctor and talk to them about your fears of relapse and ask for help.

fl123

Thank you everyone for all of your response, they are really appreciated ! I have been doing more reading around the forum and taken into account the valuable feedback everyone here has given so far, and I am thinking of trying to give creditors f&f settlment offers, starting slowly. The paypal one isn't defaulted, so don't think that would work, but for that one I think I can make the minimum payments and then slowly chip away at the rest of the debts. My concern still remains the sales bonus recieved, but have to start thinking a little bit more positive.

fl123

I am hoping all things go well at the new job, and if they do, I could potentially be getting around 12k ( pretax ) April next year as a bonus ( if I manage to exceed my yearly targets ), but clearly that's not guaranteed, so can't plan around that, but staying optimistic, something like this could help me get back on track.

NO MORE GAMBLING - NO MORE TRADING GAMBLING ! ( sorry I wrote it in caps for me to always see this when I come back here to give updates )

ManyWays

You have a lot of debt but you have stopped the gambling/trading and got a new job. I suggest settling down for 3-6 months and see how it goes and how much you can pay each month off the debts. If it looks like this will take forever that is the point to look at bankruptcy. Now is too soon dont rush into insolvency.
Also have a look at complaints against the lenders especially if any of those are high cost see https://debtcamel.co.uk/gambling-refunds-loans-cards-overdrafts/

fl123

ManyWays said:

You have a lot of debt but you have stopped the gambling/trading and got a new job. I suggest settling down for 3-6 months and see how it goes and how much you can pay each month off the debts. If it looks like this will take forever that is the point to look at bankruptcy. Now is too soon dont rush into insolvency.
Also have a look at complaints against the lenders especially if any of those are high cost see https://debtcamel.co.uk/gambling-refunds-loans-cards-overdrafts/

@ManyWays ! Was not aware of that article on debtcamel !