Hi
Am looking for some advise...i am in about 25k debt part of it due to gambling...i stopped paying my store cards credit cards and loans about a year ago..i couldn't cope with the demands the phone calls...to get my life on track i needed to do it...to be honest couldn't face it... i ahve been 5 days gamble free and i have joined a site to help me for support. i am going to put gamsoftware on pc when i get paid to stop my online gambling...i am thinking so much clearer now and want to sort my life out..i think it was the bailiff banging on my door ( didn't let him in told him sorry go away, didn't know what else to do)that's when i woke up to the fact this needs sorting...i rent my home and i work full time i'm a single mum have a daughter who is 11yr old i have an old car which i do need to go to work.. i don't have any savings but i do put into a local goverment pension about £100 a month which is taken straight out my wages..i have never been behind on my rent or any other household bills. exept the rest... getting this far into debt i really don't know where to turn do i go for an iva or go bankrupt? i have read skippy blog which i've found really good information but my debt was partly due to gambling... i have also contacted a counselling by the web just waiting for details of the nearest venue...i would be so grateful of any advise...thankyou for taking time to read my story george x
It sounds as if bankruptcy might be a sensible option for you to consider, given that you have no assets which would be affected by these proceedings. If you have some disposable income which could be offered to creditors, and IVA or a DMP might also be a solution worth considering. If a significant part of your debt can be attributed to bankruptcy, you may end up with a Bankruptcy Restrictions Agreement or Order, but this is not really something to worry too much about at this stage.
Hi its time to change and welcome. Well done for facing your demons, I hope you manage to keep on the straight and narrow.
Melanie, I take it you meant gambling rather than bankruptcy in your last post 'If a significant part of your debt can be attributed to bankruptcy'?
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
I would suggest that you talk to an IP (Melanie is highly recommended by a lot of people on this site) and find out what your best option would be - IVA, DMP or BR.
Please keep posting to let us know how you're getting on, and for support x
really recommend you have a chat with a well respected professional who will give you free impartial advice about ALL your options and will certainly put your mind at rest.
You may want to look at the professional experts here on the forum and you couldn't do any better than picking up the phone to Melanie and seeing what she suggests.
You won't start to feel any better until you make a call and check your options out.
You have made a huge first step with the other problem so please make the call to Melanie
Paul Johns
Reviva UK
Assisted Bankruptcy Specialists www.revivauk.com
Yes Kallis - my comments were referring to gambling. The problem with gambling is that it is so accessible over the internet these days, that it is no wonder that people in debt try to have a flutter to see if they can alter their fortunes. I am sure that they would not bother as much if they had to walk to the bookies or the casino.
Sorry Melanie, it just amused me at the time! I am easily amused!
I am fed up to the back teeth of all the adverts for bingo, poker etc. They all reel you in with 'free' money (once you have deposited a similar amount of your own). Fortunately, it is not something that has ever bothered me (apart from the odd flutter on the lottery). I even managed to leave Las Vegas in profit!
I can see how tempting it is though - you always think that the next turn of the card, pull of the handle etc will bring the big one.
The only winners most of the time are the people who start these businesses up.
For anyone who does have problems, I sympathise as it affects them, and everyone connected with them. It takes a strong person to give it up, and I admire everyone who manages to beat it.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
I have many faults, but gambling isn't one of them. My stepson is a bit of a one for the one armed bandits, and I could quite easily see him become addicted. He thinks it is great when he wins £100, but we ask him how much he has had to put in to win that!
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
