Posted: Mon Sep 28, 2015 2:25 pm
Hi
Sorry this is my first post and may be a bit of a long one!
Firstly, I'd just like to say a huge thanks to this website. I'm currently 25 and in extreme financial difficulty. As I don't own a home I have nothing to sell and been really down about my financial situation. This site appears very helpful and it is a tiny bit reassuring to know I’m not alone.
I've done a bit of reading about IVAs and through a debt Councillor I have been pointed towards someone who works for citizens advice in my local area to plan my budget and IVA proposal.
I have been in debt since I was 20 and have managed to accumulate almost 40k of debt. Many factors have contributed towards this vast amount, however the feeling of stupidity and regret are all I seem to feel at the moment. I have suffered with depression and anxiety since I was 20 and as it has been a long slog back to good health, my finances were pushed aside. I’m not looking to blame my debt on anything other than myself, but whilst I have been ill and at really low points my finances were pushed to a side. Now health wise I'm feeling much better with this one huge worry hanging over me.
I have felt like I always been slightly aware that I have a spending issue, but have always been able to at least make minimum payments. Now I feel I cannot meet the minimum payments and am filled with dread. In the last 6 months my spending went out of control as I began trying my luck on the online gambling sites. As most people who ‘dabble’ in gambling, a few wins and then a few bigger wins and I became hooked.
Now I’ve come to terms that an IVA is a positive option for me, I’m worrying about the proposal and if this will be accepted as my bank statements show a vast amount of money being paid towards these gambling sites.
I have 4 creditors in total, 2 loans and 3 credit cards (1 loan and credit card with the same bank). I did have some savings which have all gone on the gambling and I think one of my credit card statements will show a couple of thousand pounds been paid to gambling. The other 3 lenders my statements will not show anything towards gambling.
I am currently awaiting my first appointment for gambling counselling and did gamble as recently as this Friday just gone. I do feel like I have made a small step in blocking my online gambling accounts and am today writing to my creditors with a token payment as I am unable to pay my minimum payments this month.
Does anyone have any thoughts/advice/help on whether I am going to be accepted for an IVA as I have been so stupid with money and gambling? As you can imagine I am constantly worrying and struggling to focus on anything else at the moment.
Thanks in advance
T
Sorry this is my first post and may be a bit of a long one!
Firstly, I'd just like to say a huge thanks to this website. I'm currently 25 and in extreme financial difficulty. As I don't own a home I have nothing to sell and been really down about my financial situation. This site appears very helpful and it is a tiny bit reassuring to know I’m not alone.
I've done a bit of reading about IVAs and through a debt Councillor I have been pointed towards someone who works for citizens advice in my local area to plan my budget and IVA proposal.
I have been in debt since I was 20 and have managed to accumulate almost 40k of debt. Many factors have contributed towards this vast amount, however the feeling of stupidity and regret are all I seem to feel at the moment. I have suffered with depression and anxiety since I was 20 and as it has been a long slog back to good health, my finances were pushed aside. I’m not looking to blame my debt on anything other than myself, but whilst I have been ill and at really low points my finances were pushed to a side. Now health wise I'm feeling much better with this one huge worry hanging over me.
I have felt like I always been slightly aware that I have a spending issue, but have always been able to at least make minimum payments. Now I feel I cannot meet the minimum payments and am filled with dread. In the last 6 months my spending went out of control as I began trying my luck on the online gambling sites. As most people who ‘dabble’ in gambling, a few wins and then a few bigger wins and I became hooked.
Now I’ve come to terms that an IVA is a positive option for me, I’m worrying about the proposal and if this will be accepted as my bank statements show a vast amount of money being paid towards these gambling sites.
I have 4 creditors in total, 2 loans and 3 credit cards (1 loan and credit card with the same bank). I did have some savings which have all gone on the gambling and I think one of my credit card statements will show a couple of thousand pounds been paid to gambling. The other 3 lenders my statements will not show anything towards gambling.
I am currently awaiting my first appointment for gambling counselling and did gamble as recently as this Friday just gone. I do feel like I have made a small step in blocking my online gambling accounts and am today writing to my creditors with a token payment as I am unable to pay my minimum payments this month.
Does anyone have any thoughts/advice/help on whether I am going to be accepted for an IVA as I have been so stupid with money and gambling? As you can imagine I am constantly worrying and struggling to focus on anything else at the moment.
Thanks in advance
T