I have lost to gambling, don't see way out.

I'm young college kid who got lost in the gambling word since I was underaged. It all got out of control this year and now I have no way out.

School starting again in a month, will have to quit my work and have no way of paying 15000€ worth of payday loans. Why do they give loans so easily just to ruin life of "smart" young kids. I had good future and good financial standing until now. Now I have no way out and dont know what to do.

15000€ payday loans with huge interests, will have to quit working because of school, no chance to pay my debts and cant come out to family as a failure.

I took my first steps today to quit for good, banned myself from all casinos I remember, created new bankaccount with new debit card and no possibility to pay online with it but its too late. I never get out of hole like this without a job and cant work while finishing college

I feel like a failure and I have let everyone close to me down. I told everyone I stopped gambling but got into 15000€ debt in one ######6 week!!

Credit havent been.ruined yet but soon it will be after I cant pay next months loans.

I could ask my parents for help but I just cant, they would be so disappointed and I would feel even worse.

I will never suicide because I still have life ahead if I just get out of this hell hole somehow, but it feels like there is no way out right now.

Welcome Badlifecoming ,

I am sorry that you have found yourself in this situation , but well done for excluding from the sites . That is a big step forward . I would seek out the services of a financial planner or debt counselor - they may even offer something like that at your school .

It may feel like it's impossible now , but sit down and list all of your debt and figure out a budget for repayment . I would also contact the loan agencies and see if you can work something out .

You may very well have to take on a part-time job while you're in school but the important thing is to stop digging the hole deeper by gambling . I would also advise that you come clean to your parents . It will be hard , but in the end , it's better than trying to hide it .

You are not a failure . You have an addiction . It's more than " poor choices " or " bad decisions " . It's a disease and it's something that you need to get help for .

The debt is scary now , but you have your whole life ahead of you to earn money and eventually it will be paid off . The only thing that can stop that from happening is if you continue to gamble .

I wish you well .

There's an old saying that applies to gambling recovery: It's always darkest before the dawn. Nobody self-excludes when things are going well, we do it when we're near hopeless but doing it is the first step toward recovery and a happy life.

The most powerful thing we possess is our mind. If we think a certain way, it will most probably go that way. That's why it's important how we shape our attitudes. I remember a saying when things got difficult on my job, and the task seemed overwhelminng.....someone said to me, "CAN'T never did anything." If you set your mind to thinking you can and you will, very little in this world can stop you.
I once met a female dental student who was on the verge of graduating, some years back, who told me she owed for various student loans the sum total of $300,000 for her seven years of college and graduate studies. She didn't seem discouraged at all by it; she was confident she would pay it all back in good time, because she had a plan, and she was going to follow it. Think about that for a while.
However, none of it means anything if you don't stop gambling. That has got to come first. If you can quit gambling forever, then your future would be many suns brighter.

Hi badlifecoming,

What a name to pick.... I understand how you feel....in fact most of us understand that, due to the fact that we were once gambling.

You are still young, unlike some of us here. I remember chalking up debt early in the age...during my 20s due to gambling in "stock market".

Some of us are not meant to gamble in the first place, including yourself.

Seek advice early. Preferably early, the best people to approach would be your parents.
Bite the bullet, and come clean with them. Tell them the reason that you gamble.
Seek psychologist advise if you have to, and come back here to read the stories of those who blew it big in gambling.

I wish you all the best of a "gambling free" life, and I do hope you will have a good life ahead.

You have admitted you have a problem, but you are young and will recover if you are serious.

The main thing is that understand that gambling is a progressive disease - it will get worse the longer it goes on if left untreated. That $15k debt might look large but imaging a $200k loss. I'm 35 now and could have saved myself a world of pain if I had addressed it 10 years ago. Like the others have said, your age makes this easier for you. Treat the loss as a bad business venture, write it off and move on with your life.

In a few years time this will be nothing but a bad memory.

Hello Badlifecoming,

I am a young dude myself and got myself into a similar situation as yourself couple years back, I remember every hand on blackjack getting stupidly unlucky and me shouting/hitting myself/gritting my teeth while my balance was being swallowed until...*no more funds in your casino balance, please visit cashier* message pops up then I shut down my computer and reality hit (I had just blew all my money and my loan) job was 3 month temp contract back then so even if I quit gambling I still might end up bankrupt I thought.

I remember it being very late about 2am and I just had to get out of the house as I felt sick so I walked my dog around my streets, no souls about just me feeling very low lost in negative thoughts.

read my thread for more into my story it might show you some light, I know the feeling of shame you have, I know the feeling of *cant trust myself with my money*, I know the feeling of trying to figure in your head of paying back the debts...

on the suicide topic you mentioned, Please stay safe I felt the same but now live a very very happy life, what a shame it would be if I took my life in those moments because im smiling now.

I have new debit card only, made new bank account which I use for food etc only and have blocked my ability to deposit/ pay anything online. Have been gf for 12 days now and already feel better and paid 1000€ of the debts, still a lot to go but I feel like I can do this.

School starting soon but I manage to work 3 nights a week and hopefully can work until new year before my cpntract ends. I really hope I can beat this addiction and start my life after new year without any debt or some only.

I have planned that if I manage to be gamble free for 80 days I'll go on weekend holiday on another country with family which would cost me 400€ but if I was still gambling after these next 2 months I would have probably lost over 10k€ so I feel like I deserve to spend 400€ on holiday.

I cant do this.. Relapsed after 21 days of being gf. Lost 700€ and feel terrible. Have to start it all over. Why must it be so hard? Why me?? When will my life turn around

Take some drastic action Badlifecoming.

You need to surrender control of your finances to someone you can trust.

Have you started attending GA meetings? If you haven't, start now.

You don't have to go through this miserable cycle all over again, act on it now while you are still reeling.

If you can do it for 21 days, you can go even far beyond that. Take the first step again, start living a day at a time.