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  • FIRST POST
    • GDEKS
    • By GDEKS 17th Apr 18, 5:20 PM
    • 5Posts
    • 2Thanks
    GDEKS
    Gambling with payday loans
    • #1
    • 17th Apr 18, 5:20 PM
    Gambling with payday loans 17th Apr 18 at 5:20 PM
    Hello, I知 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知 in about 」1500 debt.

    The worst part is I lied about having a job to get these loans because I kept telling myself I知 going to win the money back and pay them off, I think I知 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.
Page 2
    • jonesMUFCforever
    • By jonesMUFCforever 17th Apr 18, 10:36 PM
    • 25,312 Posts
    • 12,543 Thanks
    jonesMUFCforever
    What do you mean if it happened ??
    Originally posted by GDEKS
    You say that you lost all of your money gambling - so at that time you are not in debt just no money - why would you get payday loans?
    Even payday loans credit score you these days and at 18 with no history of borrowing money I find it highly unlikely they even would lend to you.
    Some bank accounts for 18 year olds won't even let you gamble due to type of card issued.
    What goes around - comes around
    give lots and you will always receive lots
    • GDEKS
    • By GDEKS 17th Apr 18, 10:48 PM
    • 5 Posts
    • 2 Thanks
    GDEKS
    You say that you lost all of your money gambling - so at that time you are not in debt just no money - why would you get payday loans?
    Even payday loans credit score you these days and at 18 with no history of borrowing money I find it highly unlikely they even would lend to you.
    Some bank accounts for 18 year olds won't even let you gamble due to type of card issued.
    Originally posted by jonesMUFCforever
    What so you are saying I am lying? Why would I go through the effort of making this post, what benefit could I possibly achieve by doing that?
    My outstanding loans are:
    Quickquid 」300
    Wonga 」260
    Lending stream 」400
    Uncle buck 」190
    Cashasap 」115

    If you still think I知 lying I will pm you screenshots of my accounts..
    • Brock_and_Roll
    • By Brock_and_Roll 18th Apr 18, 8:53 AM
    • 878 Posts
    • 880 Thanks
    Brock_and_Roll
    Op, with an 18yo lad in my house it is ever so obvious how pervasive the influences of gambling are and how easy it is to bet, despite any restrictions that are in place.


    Youngsters are bombarded with ads for gambling sites, clearly targeted at young men. In fact from adverts from the cricket on TV, my 11-yo can recite the entire BET365 ad complete with convincing Ray Winstone impression!


    In my day It would be a bit unusual for an 18yo to venture into the smoky world of a Ladbrokes shop, but now it is almost a social norm for the lads to have a 6 way acca on the footie every weekend etc.


    Anyway, hopefully posters will now focus on how to move forward - not a huge sum of money - it is possible to throw yourself at the mercy of your parents or a sympathetic grandma?
    • Begsey
    • By Begsey 18th Apr 18, 9:28 AM
    • 63 Posts
    • 34 Thanks
    Begsey
    OP, get it sorted now. We've experienced this with one of our kids, and now it's about sorted, he can see the light at the end of the tunnel. It's hugely worrying and to get it sorted will be a weight off.
    Get on to citizens advice or any other local money advice centres, probably based in your local council offices.
    For our son, they have contacted everyone he owes money to, the interest is stopped, and he'll pay what he's due over the next 5 years.
    Hopefully these companies will now have him blacklisted, and will refuse him loans if he ever slips into gambling again. It's amazing how many of these companies there are, he owes money to loan companies I've never even heard of.
    All done with virtually no letters to the house, until he wasn't able to pay what he was due.

    Sort this yourself and get help for your gambling. I paid off the first signs of my boys problems (」1500 overdraft) but in hindsight, it just prolonged the issue.
    • view
    • By view 21st Apr 18, 3:44 PM
    • 2,173 Posts
    • 6,399 Thanks
    view
    Ok firstly. The best thing here is that you understand what you've done. It does sound (from the limited information provided) you are either addicted or on your way. Now is the time to realise how fast/mind-numbingly easy it is to become addicted. The feeling you "will win - you'll win soon, just chase this loss, if I just deposit a little bit more and bet high it'll happen, it will, I know it will!" never goes away. You need to STOP NOW. People lose all sense of actual money, it's not real money if it's just figures on a screen, a faceless loan. The good news is that you've caught it reasonably early. You can and will sort this. You've simply made mistakes, - this is not your story for life.

    Well done on posting on the forum. No judgement here - just support.

    As you know what you owe to whom, contact them. Let them know the story and ask them how they can help. It's their interests you pay something towards the loans.

    You can and will do this. Deal with it head on.

    It's not a life sentence. Not too far down track it will be but a memory.
    In the clean land of big blue skies, bright sunshine and very friendly people. Hoping to move back to the UK soon.....
    • camelot1971
    • By camelot1971 21st Apr 18, 4:24 PM
    • 912 Posts
    • 1,402 Thanks
    camelot1971
    What so you are saying I am lying? Why would I go through the effort of making this post, what benefit could I possibly achieve by doing that?
    My outstanding loans are:
    Quickquid 」300
    Wonga 」260
    Lending stream 」400
    Uncle buck 」190
    Cashasap 」115

    If you still think I知 lying I will pm you screenshots of my accounts..
    Originally posted by GDEKS
    There are plenty of users on here who like to post complete works of fantasy, mostly because they have empty lives and find it amusing to troll internet forums. Rather sad and pathetic, but there you go.
    • MothballsWallet
    • By MothballsWallet 21st Apr 18, 4:41 PM
    • 12,663 Posts
    • 17,205 Thanks
    MothballsWallet
    ...........plus a credit check which would reveal past applications and arouse suspicion .....if it happened of course.
    Originally posted by jonesMUFCforever
    You also get extra points if you spell your name correctly on the application
    Always ask yourself one question: What would Gibbs do?
    I live in the UK City of Culture 2021
    I had to put mothballs in my wallet - the moths had learned the PINs to my cards...
    • Tallaght
    • By Tallaght 21st Apr 18, 8:57 PM
    • 737 Posts
    • 591 Thanks
    Tallaght
    There is a massive boom of numbers of people contacting GA especially due to the FOBT machines in bookies.I saw one guy lose 2k in under an hour.
    Also the many web based bookmakers are seeing 'lifetime self-exclusion' clauses put into place where they can ban you on request for 1 year,5 years or even life.
    • LeeUK
    • By LeeUK 21st Apr 18, 10:24 PM
    • 6,097 Posts
    • 2,769 Thanks
    LeeUK
    Most places esp shops have students and offer flexible working.
    Originally posted by Sncjw
    Contrary to popular belief, most shop jobs aren't very flexible as they require staff in when they are needed in. It's not like your average office/public sector non job where you can ring in on the morning and take the day off as a holiday - no probs the work can wait till tomorrow...
    • TrumpCard
    • By TrumpCard 22nd Apr 18, 7:14 PM
    • 16 Posts
    • 3 Thanks
    TrumpCard
    Hopefully you池e all sorted now.

    I too have used payday loans for my gambling addiction. I actually worked up about 8.5k just in payday loans alone so it can get worse.

    You need to speak to these companies, and tell them the truth. They will be happy to freeze the loans a period of time but you値l need to work to get these paid. I understand it痴 hard to open up to your parents about these things, but if you池e fortunate enough would they be willing to pay these off and you set up an with your parents to pay back?
    • Superhoop91
    • By Superhoop91 23rd Apr 18, 9:05 AM
    • 81 Posts
    • 15 Thanks
    Superhoop91
    I fell into the same trap and was doing it for years but never high enough loans I couldn't cover with a couple of pay checks but recently got myself into a total of 」8k of debt (before additional interest on loans was getting applied). This was made up of payday loans, credit card debts and bank overdraft. I wised up and got my head out of the bubble. Came clean to my mates who knew I had history of this and they lent me some of the money so I could make monthly payments and in some cases higher payments on loans to reduce the interest. I was then more savvy with money, taking advantage of 0% purvhases payment periods to reduce the interest on higher loans and hopefully will be debt free in the next 8-10 months.

    You can do it but being honest with yourself and others around you is the only way as then they can scrutinise but support you so you then don't think you're not just letting yourself down but them as well.

    Good luck.
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