financeDebt
#RI-6a0e9f04·6 months ago·
1
“Took out payday loans due to a gambling addiction.”
What Actually Happened
Just feel like I need to put this out into the world somewhere as I’m proud of myself.
I’m 25 and had a gambling addiction since 19, was working full time and had nothing to my name.
I racked up so many payday loans I had to go on a Part IX Debt Agreement (a form of bankruptcy in Australia) as the payments and interest were eating me alive and I was stuck in a vicious cycle.
I also had some minor debt from a year I went to UNI.
At the start of this week I paid the remaining balance on my UNI
What I wish I knew
"N/A"
Advice to Someone Facing This Now
If I could tell you one thing
"N/A"
Regret Index
5/10
Significant downsides.
Complicated feelings about the outcome.
Complicated feelings about the outcome.
Advice for Someone Facing This
Short, upvotable wisdom. The most helpful rises to the top.
No advice yet. Be the first to share wisdom.
finance Category
370
finance decisions logged. Avg regret 4.5/10 across the category.
Same Outcome Band
25%
of finance decisions land in the mixed band the same as this one.
React, question, or discuss this decision.