What happens if you gamble whilst in an IVA?

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richard408

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Post by richard408 » Fri Feb 21, 2020 10:08 am
I have a gambling problem and have been using internet sites throughout my first year. I have my first review due and I am petrified about the result of my failure. And the effects on my family as my partner. I am at the first stage of receiving help to beat this addiction but feel I’m going to have my Iva scrapped. What should I do or expect

Foggy

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Post by Foggy » Fri Feb 21, 2020 10:15 am
It depends on the scale of gambling and the source of your stake money. As long as you have been making all payments required and the stake is coming out of allowances, without depriving you or your family, a modest 'flutter' will not be an issue. However, it could be picked up on as something to be wary of if it becomes problematic. They might want to keep an eye on spending habits for a while.

Maybe you should take steps to ban yourself from gambling sites, both online and in the High Street as a first step.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk

richard408

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Post by richard408 » Fri Feb 21, 2020 10:20 am
It’s quite allot of stakes and quite a bit of money going in and out I’m addressing problem by blocking out everything and seeking help from gamblers awareness but I’m petrified about my mistakes and what might happen

Foggy

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Post by Foggy » Fri Feb 21, 2020 10:26 am
There could be an issue with the wins --- these are windfalls and, if over £500 should be declared and paid in to the IVA --- I know it is perverse: They frown on gambling but want the winnings !

The source of the stakes could be an issue if the money has been borrowed.

All I can say is that, if it is mentioned, be upfront --- the IP is more likely to be helpful, as far as he or she is able, if you are honest.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk

richard408

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Post by richard408 » Fri Feb 21, 2020 10:33 am
There aren’t many withdrawals of that figure I’m generally just getting back what I put in with a few small losses but over time it looks like large amounts. I have my review coming up. I don’t have internet banking but can send bank statements. Will I be thrown off the Iva and put back into a hole again. I’ve made all ten payments so far up to date never missed a payment and can continue to do so but I fear what I have already done even though it has stopped now will damage everything

Foggy

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Post by Foggy » Fri Feb 21, 2020 10:39 am
They shouldn't bin the whole thing without the chance to put it right. It is in nobody's interests to fail an IVA.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk

richard408

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Post by richard408 » Fri Feb 21, 2020 10:44 am
So what would you say would be the best way about it should I come clean and tell credit fix everything and see the outcome

Foggy

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Post by Foggy » Fri Feb 21, 2020 11:10 am
Fri Feb 21, 2020 10:44 amrichard408 wrote:
So what would you say would be the best way about it should I come clean and tell credit fix everything and see the outcome
Rightly or wrongly -- if it was me -- I would wait and see if they take issue first.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk

richard408

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Post by richard408 » Fri Feb 21, 2020 11:16 am
So what do you mean should I send in what the require and see what they say or should I tell them about my problems and see the response

kallis3

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Post by kallis3 » Fri Feb 21, 2020 11:20 am
The choice is yours - you can hang on as Foggy says or come clean now.
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

richard408

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Post by richard408 » Fri Feb 21, 2020 11:24 am
So hang on and see what credit fix say. After the review or should I ring up and confess on the mistakes and see where we go from there

kallis3

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Post by kallis3 » Fri Feb 21, 2020 11:32 am
It is entirely up to you - we cannot tell you what to do.
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

Foggy

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Post by Foggy » Fri Feb 21, 2020 12:33 pm
As Kallis says, it is not our place to tell you what to do. Personally, I would give them what they require and see what they say or do - then deal with whatever they come up with at that time.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk
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