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Occasional gambling win

Posted: Sat May 22, 2021 1:00 pm
by richard845
Hi , I’ve had the occasional win on the slots and bingo anything up to £500
Not every month , just occasionally !
Would that affect my Iva ??
I think I may have read my contract wrong and now I’m worried
Thanks ?

Re: <t>Occasional gambling win</t>

Posted: Sat May 22, 2021 1:03 pm
by Foggy
Wins under £500 are yours to keep, those over £500 get paid in to the IVA. Gambling in itself is not at issue, unless it becomes a problem or was a contributory factor in your debt. Funding might be an issue -- if you can afford to potentially lose, say £100 regularly, then you should, arguably, be paying this to your creditors instead.

Re: <t>Occasional gambling win</t>

Posted: Mon May 24, 2021 2:21 am
by ajaashe
got it. Thanks for the good advice! I appreciate it.