” just just How Monzo assisted me beat my gambling addiction and pay back ?26,000 with debt”

” just just How Monzo assisted me beat my gambling addiction and pay back ?26,000 with debt”

Like as much as 430,000 other folks into the UK, Manchester-based Danny Cheetham has a gambling addiction. After years caught in a period of gambling and financial obligation, Danny owed payday loan providers very nearly ?26,000 and much more interest than their wage that is monthly could.

However with assistance from Monzo’s gambling block function, at the time of October a year ago Danny is finally debt-free. We talk with the 30-year-old IT specialist about the way the addiction impacted their life, while the actions he took to beat it.

Exactly just How did your gambling problem begin?

The minute we switched 18, we took a liking to your bookies and terminals that are betting. I just achieved it for enjoyable then, with any free cash We had. It was enough for a night out if I won. It absolutely was a pastime.

But We kept going. By my very very early twenties, whenever payday came I’d have gambled away my wage that is whole by. I’d be up at four o’clock into the early morning, gambling it away. Then back at my method to work I’d be applying for pay day loans in an attempt to complete the thirty days. We thought the way that is only clear the payday financial obligation ended up being by simply making another bet. I possibly couldn’t notice a real method to getting away besides gambling over repeatedly.

By my very early twenties, whenever payday came I’d have gambled away my whole wage by 9am.

The worst moments had been walking in to the working workplace on payday. Everyone had been pleased, purchasing morning meal out to commemorate. I’d be wondering how I would definitely make it through the thirty days with absolutely nothing into the bank.

And i’d find myself buying my lunch at work or going shopping because I didn’t want people to know. (more…)