Gambling debt help and gambling debts advice gambling addiction help

Gambling debt help article is a true account of how I got my self in £19300 of gambling debts and got out of it.

How to get rid of gambling debts?

IS your gambling debt increasing and having a life of its own and you feel that you're trapped; that you are so up to your neck in debt that you don't know what to do?

First of all let me tell you I know how you feel when you in debt , your whole world is like a pressure cooker ready to explode, you feel ashamed, you feel frustrated , you feel you want to hide away from the word.

Gambling debt help continue

How do I know this well I too got myself into to debt four and half years ago, it started from online casino gambling, I thought I try it out for a bit of fun, but I slowly found a fascination to them, I then search online of various strategies that would help me to win on roulette from those even bets strategies of betting on black then red and doubling your bets and when I lost.

You know what they worked for a bit but I found the more I won the more I risk o took, it got so bad to the point I was betting with hundred dollar chips and one bet I did was a $1200 bet on a single even bet.

I remember it so well that I was sweating and praying to God that it would fall on the right colour. It did once and the rest of the bets it didn't , emotions were at play and you know what the more I lost the more I wanted to regain it , and it hind site it just cause a massive loop of despair.

Gambling debt help continue

How was I funding all these bets I tell you it it was my good old friend Visa and Master card, I had five credit cards on the go thinking to my self its fine I lost $5200 today I just get another card to redeem myself and win back the winnings, can you relate to this ?, if so I plead to you to stop now for your own sake. I wish I could slap my self back then and wake myself up , but like so many gamblers who are addicts money doesn't seem like money any more just , a bunch of numbers.

When I added all the numbers up my gambling debt on all five cards added up to £19300 that was to equivalent of $36,000 at that time, and not to mention I was only 24years of age with a student and car loan on top of that.

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I totally felt felt that there was no hope when it came to getting rid of my gambling debt and I was so in need of Gambling debt help.

I hid myself for a few months ignoring phone calls, people, especially parents, girlfriends and close friends, I didn't know how to face them or tell them.

I somehow plucked the courage after praying allot asking for the Almighty to save me from this mess, and I just felt the Almighty said the only way to get of your gambling debt is through it!.

I first looked around for various debt management companies, I even looked in to bankruptcy but that was a major no no check my article why Bankruptcy is not the way to go in the article Iva bankruptcy

Gambling debt help conclusion

But, you know, I was very happy when I found something called the IVA , the IVA is a full debt solution problem , and it was a legal way to get rid of all my debt especially my gambling debt of £19,300 what a IVA does is it makes a contract with all your creditors like the credit card companies and says to the debtor , me in this case that I can only only afford to may a certain amount because of his living expenses; the companies then agrees that they pay a certain amount for 60 months and the rest of debt will be written off after the 60 months creditors normally do this as they get tax relief from the remaining debt that is owning.

For more information of IVA check my article on how to reduce debt quickly with IVA