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

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

Like as much as 430,000 other individuals within the UK, Manchester-based Danny Cheetham has a gambling addiction. After years caught in a period of gambling and financial obligation, Danny owed payday lenders very nearly ?26,000 and much more interest than their month-to-month wage could protect.

However with assistance from Monzo’s gambling block function, at the time of October this past year Danny is finally debt-free. We talk with the 30-year-old IT professional about the way the addiction impacted their life, and also the steps he took to beat it.

Exactly exactly just How did your gambling problem begin?

As soon as we switched 18, we took a liking towards the bookies and terminals that are betting. I simply achieved it for enjoyable then, with any free cash We had. If We won, it had been sufficient for per night out. It absolutely was a pastime.

But We kept going. By my 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 within the early morning, gambling it away. Then on 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 view a real method of having down besides gambling over and over.

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