Have you found yourself deep in debt due to gambling issues? Nearly six million people in the UK engage in online gambling each month. Historically the solutions for difficult gambling debts was not very attractive. Many people felt that bankruptcy was their only way out of debt but that typically leads to Bankruptcy Restriction Orders and years and years of extra repayments. Up to fifteen years in fact. If you would like to see the recently issued Bankruptcy Restriction Orders against others — click here.
In order to help people overcome difficult gambling debt situations Myvesta has created a specialised financial rescue programme just for people in debt due to gambling expenses.
The goal of the the Myvesta Gambling Debt programme is to help you get the necessary treatment to address the underlying gambling issue, get monthly expenses under control and then after a successful treatment and financial management period, typically six months, put forth a formal repayment plan to your creditors to allow you to meet your obligations through alternative methods without bankruptcy or a Bankruptcy Restricition Order.
This programme is only as effective as you are motivated to be and it will require dedication and sacrifice on your part. You will be required to attend local counselling sessions to treat the gambling addiction and you must maintain a stellar repayment history with us to keep your plan in effect.
It is important for you to realise that you are not alone if you are suffering from gambling debts. The average online gambling debt in Britain is £25,000. And people with problem gambling debts often let their minds drift to irrational solutions like suicide, murdering loved ones out of shame, theft, stealing from friends and family, or other radical attempts to feed their addiction or hide their shame.
The Three Stages of Problem Gambling
The first is the Winning Phase, in which the gambler experiences a big win, which in turn boosts self-esteem. The result is an increase in the frequency of the gambling and the amount wagered. Unreasonable optimism develops as the gambler fantasizes about winning.
Next is the Losing Phase. It occurs when the luck starts to run out and the gambler begins losing money. During this period, thoughts turn exclusively to gambling and winning. Relationships become strained as the gambler gradually loses control. He begins covering up his gambling and starts borrowing money from friends, family, and credit cards.
The last phase is the Desperation Phase. By this time, the gambler can no longer pay debts and starts looking for quick fixes, both legal and illegal. An obsession with making up for past losses develops. Time spent on gambling is affecting work and family, and there are usually feelings of remorse and hopelessness. Loss of personal and business reputation is accompanied by depression and sometimes thoughts of suicide.
What Do You Truly Want to Do?
If you recognise that gambling has diminished the quality of your life, has left you in a financially difficult position, is impacting your relationships and you want to try to get out of debt, then this programme may be exactly what you are looking for.
The recovery process can be difficult and involve sacrifice and the willingness to fundementally change, but if you are willing to try, we will work as hard as you do to get you out of debt.
Fill out our easy online form below to learn more about how we can help.
Contact Myvesta UK Now
If you have questions about the Gambling Debt Programme or would like more information please fill out the form below.
