Occasional gambling win

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Post by richard845 » Sat May 22, 2021 1:00 pm
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 ?


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Post by Foggy » Sat May 22, 2021 1:03 pm
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.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014


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