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[th thereelslotgrinder WANTED $4 Outlaw]

Not a borrowing post, just figured someone here might have had same experience I’m currently having. After pissing all my money away every month for 12 years its finally caught up with me and I am completely up shit creek right now, I have missed 3 months mortgage, missed 3 month of bills, council tax, everything…currently sitting in a freezing house likely to be reposessed, with a missus and kid to support. I have a job (50k) but was off a few months without pay due to all the ‘kin stress this money situation is causing me. My credit report on Experion is at absolute shit. Ive got CCJ’s and unpaid shit from years back when I was desperate and chucking payday loans at my addiction. I used to make my annual plea to my bank to help me out with a loan so I could get everything sorted, they never listen and just go by the credit score and don’t care that you’re paying out £1000+ a month in debt, and you’re asking them to give you a loan that would reduce that monthly payment by over 200%….if I’d just been given that chance I could have jacked in the gambling years ago, I have stopped several times but always slip up when money becomes a problem, it seems ironic when you’re broke you chuck your last £100 away gambling, but when theres no other options you lose all sense of reality. Last year I even got a bit of a break and cashed out £10k from a £200 deposit, but that just cleared a lot of shit debt that had built up, by the time I was left a few grand left it all just got pumped back in because I was sick that I had to pump all that money away. I really am fucked now, I am back to my work so will have money coming back in eventually but in the meantime I’m pretty much out of time. I honestly can’t even concentrate at work as most my time is spent contemplating what the most painless way to end it all would be….my hope would be that some fucker could take pity for my family then and help them out cos christ knows I’m not able to. We own about 50% the house although theres been no money spent on it in 10 years and its gone to shit, we can’t let it out, we can’t sell it. Some mates at work told me go for a Tesco loan, £18k would cost £300 a month for 5 years, that gets all my immediate debt cleared, pays back all the money I nicked out my mums paypal to piss away gambling, all the money I nicked off my brother, and give us a bit of money to play with which, if I could kill that desperate stage with money, I wouldn’t want to gamble. My account is gamstopped, and the several other accounts I use (friends and family) are all now gamstopped, the bookies I can’t be fucked with anymore (the £2 thing actually makes it boring as fuck) and the casino is about the only downfall, but if I could get my money problem sorted, the missus would agree to get a joint account and do my plan of having several buffer bank accounts which are all in her name so our wages hit them and ring fence the money we have access to , ensuring debts are always paid before any money can be spent. But theres no fucking help for people like me, the only advice they can muster up is “have a look at your credit record” (I know its fucked so thats retarded) and shite like The Citizens Advice (chocolate teapot) or money advice service (telling you how you could save £5 here or £10 there means fuck all when you have fuck all money in your bank and need to find thousands to ensure you still have a house next week….)

I dont’ have any mates, my family have no money and I’ve ripped them all off of what little they had and they are my main priority debt cos its there pockets that got hit. I need a proper loan so I can take the responsibility of my debt on and solve it like anyone else would, but I just don’t get the chance.

Surely someone here has been in this situation, is there any way out….it keeps driving me insane to think that this could all be solved very easily with a loan from something like Tesco, Id be fucking loaded because everything would get paid off and Id be able to easily make the repayments, and Id have plenty cash left afterwards so wouldn’t get to the stage where I feel I need to gamble.

My gambling “career” has been an absolute disaster, I was almost over it but a couple of nice wins (on pay day, usually I only win when I’ve got plenty of money) made me lose my self control, I then went on a run of shit luck towards the end of last year that just sucked me in more and more (things like bets being rejected in live casino when 1000x wins would have been won)…..I need to just fuck it all off….but I’m fucked….what the hell can we do?! It seems theres enough support to tell people not to gamble, and enough to help people who can’t afford to repay their debt (doleys and mcdonalds workers) but nothing to help people in good employment with careers and reputations/pride to look after. I refuse to believe it should be like this….

[Rhino74 WANTED $12 Outlaw]

Your going to have to lose the house and go bankrupt. It will clear everything. And because you have a good job you can start again get rented accommodation save your extras from your good job. Then rebut a house. And there is no other way because you have an asset your house.

[ar argyl53 WANTED $419 Outlaw]

Yeah I’d echo Rhino above, I’m sorry to say it but sometimes you have to accept things the way they are. If you don’t know anyone who’s willing to lend you the money to clear your mortgage arrears in the next couple of weeks, or would sign as a guarantor on a loan, there’s just not a magic way out of that situation. I can certainly sympathise with the good wage, shit credit rating situation but I’ve just had to accept my credit rating is fucked for the next few years and the reality is it’s because I have a bad historical track record of making debt repayments in full and on time….I mean, why would a lender trust me now?

On a more positive note, whatever happens, it’s not and is never too late for your life to get better. All these things, all these stresses and bills, even a house repossession; it’s not the end of the world. I’m not saying it doesn’t suck or doesn’t matter, but there are so many people who have done so much worse. Gambling addiction has taken lives, you can still rebuild yours.

[Maher8430 WANTED $5 Outlaw]

Contact your creditors – make a payment arrangement with your mortgage they will be fine with it honestly! With the payday loans just call them up explain that you are in financial difficulty. Maybe lie about your salary. Honestly it will be fine.
get a Monzo account you can block all gambling transactions.

[eejit101 WANTED $312 Outlaw]

Step 1 – Remortgage the house. If you own 50% and i assume the house is worth more than 20k thats enough.

Step 2 – pay off all the debts.

Step 3 – Dont gamble.

 

OR…. Take your 50k a year. Thats 4.2k a month. After taxes its like 3k. Spend 1.5k and pay off 1.7k. Youll be done in a year.

 

Time to be sensible. Or you will jump off a bridge.

 

[k6 k6kaysix WANTED $51 Outlaw]

Why would a bank offer you a loan when you already have a loan (or several) and your credit report is screaming of various pay day loans, missed payments, gambling transactions…

Look at it from their side and it becomes very obvious why they aren’t very keen to offer you any more dosh

[Quazzi WANTED $138 Outlaw]

eejit101 wrote:

Step 1 – Remortgage the house. If you own 50% and i assume the house is worth more than 20k thats enough.

Step 2 – pay off all the debts.

Step 3 – Dont gamble.

 

OR…. Take your 50k a year. Thats 4.2k a month. After taxes its like 3k. Spend 1.5k and pay off 1.7k. Youll be done in a year.

 

Time to be sensible. Or you will jump off a bridge.

 

Most straightforward, sensible advice you could listen to albeit a little blunt ? but when it comes to things like this there’s no beating around the bush.

You’ll get there if you really want it.

Good luck.

[byronmiddleton WANTED $1 Outlaw]

Have you tried the credit unions… they usually don’t credit score and they gave me a loan at very low interest when I already had 5ccjs and a very low credit score.  I never paid them for 2 years when my circumstances changed and they never added interest or charges (just finished paying them back now).

Also can you not just get your missed mortgage payments added to term of mortgage (I’ve done that before as well)

Council tax took me to court and just made arrangement at the court

Water board  took me to court and secured there missed bills against my property (2 years or so behind).

yup been there myself (not through gambling, missus left me with 3 young kids to bring up and I struggled going to work) – took ages to get sorted.

on the plus side, there’s no debtors jail

good luck

 

 

[Al Alphadog WANTED $11 Outlaw]

Best advice would be to remortgage. If you could find a lender. Sometimes you have to hit rock bottom to bounce  back up. But I think we can all see what could happen if you had money in your pocket.

https://www.stepchange.org/debt-info/remortgaging-to-pay-off-debt.aspx

[Winningbird WANTED $574 Outlaw]

I’m really sorry you’re in this situation. Remortgaging might seem like an option, but you’re going to find it really hard to get a lender with your debt status. I would go down the route of bankruptcy, as hard as it would be. You’ve got CCJs and payday loans up to your neck with the sounds of things, and this is the only thing that will clear them all. If you think you have another option, try that first. Contact stepchange or whatever it’s called. Have a word with your bank, mortgage place, to see if theres anything that can be done, but be honest about your situation.

Be honest with your wife about it all, so she can support you. I know it’s hard, but you can do it. Contact Gamcare, they offer counselling. Any sign of you getting help with make this process a little bit easier.

[Anonymous WANTED $110 Inactive]

you should do house value if you 50% on mortgage is worth more than £20k £30k worth to Remortgaging,a longest you have job and money on house you should not have problem Remortgaging, Remortgaging is best way to go…going bankruptcy you will lose a lot and can’t do anything on next 3-5 years all banks will refuse to give you credits,best stay away from gambling and pay off,I will go with broker they know all tricks who to get best deals from banks

[Rhino74 WANTED $12 Outlaw]

Il be amazed if the bank remortgage.  Hes got bad credit.

[Winningbird WANTED $574 Outlaw]

I can’t see it either. I hope for OPs sake that someone can make it happen, but it’s going to be hard. Please don’t do anything stupid if you do manage to get your house remortgaged. Debt paid and nothing else.

[Fishface WANTED $4 Outlaw]

Hello instead of going bankrupt it might be worth considering a Iva, I was in one when my partner was seriously ill I got into debt paying everything on loans and credit cards as I was self employed,  and had to look after our 3 children with a mortgage, it was the best thing I ever did

[Eightblack WANTED $446 Outlaw]

Sorry mate you won’t find anyone willing to lend you money if you’ve got a shit load of gambling debt racked up.. The only option would be a guarantor loan but you need someone who trusts you to make the repayments, and from what you’ve described that isn’t likely….

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