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“Monzo assisted me beat my gambling addiction and pay back ВЈ26,000 with debt”

“Monzo assisted me beat my gambling addiction and pay back ВЈ26,000 with debt”

Like as much as 430,000 other folks when you look at 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 ВЈ26,000 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 to the 30-year-old IT specialist about how a addiction impacted their life, therefore the actions he took to conquer it.

Just just just How did your gambling problem begin? As soon as we switched 18, we took a taste into the bookies and terminals that are betting.

i simply achieved it for enjoyable then, with any money that is spare had. It was enough for a night out if I won. It absolutely was a pastime.

But I kept going. By my early twenties, whenever payday came I’d have gambled away my whole wage by 9am. I’d be up at four o’clock into the early morning, gambling it away. Then to my solution to work I’d be applying for pay day loans in an essential link attempt to cope with the thirty days. We thought the only means to clear the payday debt had been by simply making another bet. I really couldn’t see a real method of having away besides gambling over and over.

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 workplace on payday. Everybody else had been delighted, purchasing break fast off to commemorate.