Gambling and Loans have ruined my life

I owe 20k on the street and pay 2k in interest every month. My gambling addiction combined with loans I took to do business that has since fell through has ruined my life. I havent gambled in 5 months and I make decent money at work but nowhere near enough to get out of this. I am totally ruined. Have tried to borrow money from family and the like and I am now completely out of options. If I didnt have a wife and son I would have jumped off a bridge by now. Even though the fbi would consider me a victim of loansharks I would never rat because i did this to myself. Just remember that OC is not glamorous

Mike, I am going to assume that you are serious here. Promise me that you will NEVER jump off that bridge. You family needs you regardless of your issues. Hang in there.

well, not sure what to say but 20k owed is not the end of the world. main thing is to some how make sure that you're not piling up charges / penalties on top of the money. need to come up with a repayment plan with the people you owe but got to tell them they can't expect you to keep paying charges upon charges so that the "principal ' never goes down.

here in the UK we are bombarded with gambling adverts, and i mean bombarded. Especially if you're watching / listening to sports.
Equal to that are the payday loan adverts with apr's of 1150%.

mob guys go to prison for gambling /loan sharking but they should put on suit and tie , have dot co at the end of a name and they'll get venture capital money.

keep your head up VM


## have to add that up until 15 odd years ago, if you went to a casino or bingo hall, you were only allowed entrance / membership after 24 hours if you wasn't already a member. This was to curtail people acting on impulse. Sadly everything is geared towards corporate interests now. Which is why betting shops have proliferated in last 15 years. With their FOBT machines.
Hardly anyone in the bookies is betting on the dogs, horses. mostly the fobt's. open from 7am to 10pm nowadays, absolutely disgusting that uk governments allow it.

Again, VM , all the best

Geeze. Idk. Rob bank?

Unfortunately I am serious and I never would take the cowards way out but I really do feel pretty low sometimes. Most banks only have like 3k in the drawer pmac so its not really worth the risk altho i cant say i haven't thought of it but wouldnt wanna leave my family without me as theyd be wprse off. I make enough money to pay this off in a year but the juice is just crushing me week in and week out

you sound like you're at the end of your rope. i hope you don't kill yourself. maybe you can offer your services to the people you owe. tell 'em you're willing to do anything for them. my brother knew this polish loan shark in chicago. he would scrape off a hundred for 1 blow job. try to negotiate

All joking aside - Philly based?

can we fly you and your brother to philly? Dunno if you guys are any good but every dollar counts.

yes but I am not going to discuss any other specifics ad far as who is concerned

No need to - just curious. I'm well versed in the players there. I honestly believe they would negotiate unless you've been a total deadbeat.

Vegas mike
Killing yourself is a permanent solution to a temporary problem. Do not consider it !!!!! Your kids need you. I know you think otherwise because you are depressed but its not reality. Get that thought out of your head asap. I understand how you feel buddy so trust me on that.
Do you owe money to shylocks?
First thing is first.. what are your options ? Can you sell anything ?
Im sure your credit is shot?
20k is nothing. Lets think of a plan .

Ralphie. Stop [BadWord] around. This kid doesnt need your punk remarks. Leave em alone.

Vegas that is bet that everyone you know loses everyday..for rest of their lives, nobody cashs a winner ever , stay strong..

I've been down this same road my friend...

Started out as a teenager, gambling on sports and going to racetracks...

Worst possible thing that can happen is that you win, then you're hooked...

Then as the years progress you start betting bigger and losing bigger, its almost like you actually don't care if you win or lose anymore because you're never ahead.. its the action that you like most, and that's when you're a full blown degenerate gambler...

I've thrown away tens of thousands over the years and I'm now 50 years old...All I can say is stop today my friend...I wish I could do it all over again...Cut your losses today !!

20k is nothing

My dad’s ex employer (he was a chef 20 yrs ago at some restaurant), well the owner got hooked on gambling

She owed 100k and ended up selling her restaurant just to pay the loan sharks (it was a casino run by some local Tong guys) down Chinatown

And the saddest part is, the restaurant had 3 floors above to reside in/ which was supposed to go to her son (he was only a teen at time so was under her name)
(entire property was left behind by her late husband) for the son

So not only did she Fuk her future but his too

Also, she sold for 100k or so, had she kept hold of it it’s now worth over a million

Thanks for all the kind words and support.

I have allways paid and on time, been up down and all around and have great credit with these guys. Unfortunately i have sucked my entire life dry in the process. Got no credit score left, nothing to sell and have tried borowing the money elsewhere so I can pay it back with less interest and actually pay 2k a month and get somewhere.

look cuz... Youre a man before anything else is this world. I dont know who you owe but i can tell you first hand that these aint the old days... They aint gonna kill you and they probably wont hurt you. Maybe they will but thats a sure way of them Not getting their money. You need to meetup with whoever it is you actually owe ... Like the real guy that your agent kicks up to and tell him the truth but dont come off scared or intimidated but be respectful. They feed off fear. Thats how they get paid. They make people so scared that they start selling their ass to pay off their debt. These guys aint killers. Dont fear any man. We all bleed and we all put our pants on the same way every morning. Pm me bro.

Hey thanks for the response. I am not scared of anything and have not been threatened. I know nothing is really gonna happen but the thing is my guy knows a lot of people I am connected to so the debt will allways be there no matter what. If I pay down the principle I can restructure the juoce. I dont even know why I posted this shit, maybe just my way of venting or letting people know how shitty it feels to be a degenerate gambler. Im sure I can pay this down sooner or later but I feel so shitty just draining my family of all this money. Thanks for all your repsonses, everyone here is cool as hell and I sincerely appreciate it

Just tell them your not paying the vig anymore , if they have A problem with that they get nothing . Pay off the principal and move ob

Hey Vegas Mikey- you're into a guy in the Philly area? PM me. I have some advice for you if you're interested...

Keep your head up Mikey, you'll beat this thing down soon enough.

Thanks for all your responses. Just to clarify a couple things, my guy is someone who i am connected to thru multiple people and family members. Everyone around here knows everyone. According to him he is at the mercy of other people but is willing to knock down the juice if I knock off some big chunks of principle. I have good credit as its been several years I borrowed tons of money, and paid the balances down all the while betting huge amounts of money weekly and allways coming up with it when I lost. I had a nice little side business which came crashing down last summer. I lost all the income and potential income in one day and the whole ordeal cost me another 4-5k. When i lost my side business I was about 13k in debt. I borrowed another 4k and lost 3k more betting sports before I finally addressed my gambling problem. That was last summer, since then my life has been crazy. My monthly bills are about 5-6k not including the loans. I was making good money and took on a lot of bills and commitments before I got in trouble. My mortgage and daycare for my kid is over 3200 alone every month. Now i make about 2k a week and im allways broke. Very depressing and hard to juggle shit and face the wife who knows im allways broke and hates me

Mikey. PLEASE don't kill yourself. Someone close to me did, and I see first hand what it's done to his family, and it is not good. I think your problem will be worked out in time. Maybe call Gambler's Anonymous or something like that. Your son needs you.

Thank you, I cherish my family over everything else so I would never kill myself

Mikey ,start now getting the bug out, drop the vegas in your handle, MightyMikey.

Jesus, $3,200 for mortgage and daycare? Damn brother, you need to downsize.

The Northeast isn’t piss cheap to live in like Alabama, that’s actually a pretty common average middle class monthly nut for the NY/NJ/Philly Area....

Mortgage is 1900 w property taxes figured in and daycare 1300. Both are standard for around here. No way of downsizing

Maybe I will change my name on here. Probably stop posting all together after this week. This forum is great though

why stop posting? i give you credit for reaching out and talking about your issue..some of us have been there..

Im still here. It is nice to talk to people about this mess, been keeping it to myself for a long time

I keep forgetting he lives in Philly

Just remember it will be all over sooner or later,then you will continue living your life without any weight on your chest,that feeling will be one of best

And hopefully u never make same mistake again.

I want to run home like marky mark the end of the gambler but without risking my life on a roulette spin

Been there, 50 years , done it so many times I can’t count, and over 10 fold those numbers in a short period of time. Just fight thru it my friend, don’t lose who you are, be a man, be able to look yourself in the mirror, and it will all pass

i took a loan with my local shy for a 1000 dollars in the early 60s. The interest was 5 percent a week. Someone had to guarantee that I would pay the loan. So if I didn’t he would.

The guy that ask me to do it hated that shy. He wanted to set him up and used me to do. I could not say no if I did I would have to leave the neighborhood. I was more afraid to leave so I did it. I made 4 payments and then the shy had an accident. After I gave the guy what was left of the money he said keep it.

Go to prosper.com you can get a 20 thousand unsecured loan paid in three or five years at about 500 a month. You have the money in your checking account in four days.

You need a decent credit history for that

No all you need is a job.

Two terrorists a husband and wife took a loan out with them for 20 thousand. A man and wife they gave most of the money to their family. Then they went out and killed a lot of innocent people some where in the Midwest. True

So you stiff all your bookies as well ? Nothing worse then being out of action, hopefully you snap out of it

I just meant the relief he felt in the end after paying everyone off. Didnt think he stiffed anyone maybe I missed something

loans like that are regulated state to state. Here its very hard to get a loan let alone for 20k. In sept my cred score was almost 600 and I was denied a loan for 2k

You are in the hole for 20 g ? What are your juice payments , 2 points a week?
Problem with juice loans is that its hard enough to pay the vig, let alone the principal.
Most guys would charge 2-3 points a week on 20k, sometimes more.
A guy may loan something out to an underling at 1 1/2- 2 points and the underling will put it on the street for more and profit the difference.
There was always a shylock at the track back in the day.

If you are in some form of recovery and actively working on your gambling issue you have done all the hard work already. You will be able to pay this off. Keep working and brainstorm how to make more money every day.

Right now you have motivation that most people don't. Motivation to make more money! Read books, ask wise people for advice and keep your nose clean and you will come out of this a better (and richer) person than before.

Do your best. Don't quit Mikey!

Yes thats my problem. I pay almost 2k a month in interest and make no headway towards the principle

Anyone know if it is possible to start an anonymous go fund me page? I know its pretty despicable but I am just thinking of every possible option

Really a go fund me page for your addiction, no offence bro but I have been on this board for some years now and always keep the peace but you need to get some help and get yourself out of this you a grown man deal with it.

start by dropping vegas..

Oh Mikey

Yea im basically fucked.

Just leave. Move far away. And, don't ever gamble again. Get help as soon as you get out of dodge.

I have a large family. Not happening. Im gonna tell them I cant pay anymore this should be interesting. Fuck it I take my medicine

drug addiction sounds better then ur gambling

this is almost as bad as the time the guy in buffalo asked the board where to find a loan shark.

Drugs are cheaper I'd imagine. If anything positive can come of this at least people can look at my situation and know that their life isn't as bad as they thought.

Gonna buy $400 worth of Bitcoin friday

Not casting aspersions but I don't get why people can't do things in moderation be it smoking, drinking or gambling.

Could be worse. Is old saying.

Never had a problem moderating anything most my life but was a shy scared kid who slowly graduated to an adrenaline junkie. Been a long process

I am investing in cryptocurrencies a lot,bitcoin is good opportunity,but etherum is better for a year to come. Ark is good investment too.

Bitconnect is good investment too,for 10,000$ on lending,you get returned investment in 120 days.

It's pretty simple.Some people have a genetic predisposition to excess and addiction. That is why you see alcoholism for example,run in families.

So since i got a lot of private messages about cryptocurrencies i will write here about it.

So the bitconnect i mentioned in the post above is the service where you can lend your btc to them for trading if u lend over 10,000$ u get investment back in 120 days(doubling your money)




There is a lot of ways to make a lot of money by investing in projects,if u invested 8500$ in bitcoin 2 months ago now u would have 30,000$. Eth is currently on the rise because banks are investing in it,its much more stable than bitcoin.

You can also do research and find private groups of whales(whale is a person with A LOT of money im talking about millions of $),there are also guys like this,with over 2 billion $.




So in their private groups they talk about manipulating the market with sell walls and buy walls,its called pump and dump,by knowing what they will do,you can invest in project and when they pump it,sell it. Im talking about doubling or triple your money(most i did was x6 of investment)

You can also take a look at some PoS & PoW coins,where you generated them not by mining(like bitcoin) but with just holding them.

Anyway this forum is not for this,so i wont be posting about this anymore.Only pm.

I have $350 in Ethereum already. My friend used to send me money in bitcoin when it was @ 700 a unit. He died with almost 100k worth, would be worth a milkion now but no one can access it

So since i got a lot of private messages about cryptocurrencies i will write here about it.

So the bitconnect i mentioned in the post above is the service where you can lend your btc to them for trading if u lend over 10,000$ u get investment back in 120 days(doubling your money)




There is a lot of ways to make a lot of money by investing in projects,if u invested 8500$ in bitcoin 2 months ago now u would have 30,000$. Eth is currently on the rise because banks are investing in it,its much more stable than bitcoin.

You can also do research and find private groups of whales(whale is a person with A LOT of money im talking about millions of $),there are also guys like this,with over 2 billion $.




So in their private groups they talk about manipulating the market with sell walls and buy walls,its called pump and dump,by knowing what they will do,you can invest in project and when they pump it,sell it. Im talking about doubling or triple your money(most i did was x6 of investment)

You can also take a look at some PoS & PoW coins,where you generated them not by mining(like bitcoin) but with just holding them.

Anyway this forum is not for this,so i wont be posting about this anymore.Only pm.

In a couple hours im going to tell them I can no longer pay this debt. Stay tuned

dont show fear. tell them you got connections and are truly not to be fucked with.

I have no fear and I do have connections but not as many as them

Lol please don't follow this advice. Have you ever dealt with anybody in the street? If he fronts like that they will pull his card immediately and things can go from bad to worse in a heartbeat.

Mikey, good luck bro. Keep us updated.

Lol i have no plans of acting tough. Im coming hat in hand

no!! humility is fear to them and they will scare you into paying more. you gotta go in there with a mean mug lookin' like you're the last person to be fucked with. they respect that and you will get an extension.

Who do you like this weeks nfl

Do you want him to get his ass kicked?

This thread was fun while it lasted.thanks to those who posted positive stuff

i've seen people get away with a lot by just pretending to be psychotic thugs with nothing to lose. you can joe pesci your way out of pretty much anything. what feech said was no bullshit

listen carefuly

The look on Bobbys face is gold

So what did they say ??

They allowed me with getting away with losing a big sum...They made so much off me over the years that they gave me a pass on the money I owed...Of course I couldn't play anymore and I haven't played since, but I was probably the rare and lucky one...

Hope they're not cut throats !!

If they're smart.. they'll lower the vig and let him pay it down..No More Loans..cut him off.

You should tweet Michael Franzese and ask him for advice. He respond to everyone.

I may have a gambling problem and have made some horrible choices combined with some bad breaks but I will be damned if I ask some low life bottom feeding parasite snitch like mike franchese for help!

Winner winner chicken franzese dinner. Maybe if my dad was a cool mafia guy killer like Sonny Franzese I would be doing better. Not sure if id be willing to trade places with son mike... Prob take my chances with current sitch

Today is the day. I cant do this anymore my life is ruined. Somethings gotta give today

So how did it go?

How do you think it went?

I'd split his fucking wig if he told me he couldn't pay.

Anyone check the obituaries?

That's real nice..some ppl man

So buy his debt and go collect douchebag. Internet tough guys, gotta love it.

you have never been in a fight in your life. I will beat you so savagely your love ones will never have closure buddy.

Ok so for those who asked. After much to do and speaking with my guy for a few weeks and explaining to them my situation we all worked something out. They know i got in trouble last summer and lost massive income and its not like im running and hiding. Me and my guy went to his captain together and explained situation (so my guys boss wouldnt think it was a scam). 6k was forgiven right off the top. I paid 4k off and the remaining 10k i owe got bumped down to only 2pts a week (200). Massive break, im very thankful and now this is manageable. My guy is really an alright guy and his guy is someone well known on here from philly but not someone you would guess. Anyway its a huge relief and id hate to see someone else get into some shit like this. Having been around forever and being straightforward really helped my cause. Some of these responses in this thread have been hilarious. You guys really are pretty out of touch with reality. I live in close proximity to several of the gang and never planned on running away or making demands and whatnot. Not about being scared or showing fear. Its about money. You dont play games with grown peoples money. A lot of you are like 18 years old or whatever and I guess its a progressive world now but not in South philly and camden county and I would never wanna be anywhere else

not gettin rid of me that easy you crazy european

I'm glad everything worked out 4u man,,at least now u can rest easy this New Years.

Thank you hoodlum, and thank you to everyone who pmd me and all those who posted positive shit in this thread. I am not justifying what I did and making any excuses for being weak and selfish. I allways have taken care of my family before anything but this definitely put an un needed strain on my marriage and mental health!

It's $20,000 dollars he owes. What if that $20,000 dollars was owed to you? what would you do? That is right, you'd split his fucking wig.

I'm not a professional dept collector and this one sounds like a hard case.

That shylock is going to fuck you up if you don't pay up you fucking degenerate mother fucker

Once again I just wanna say thanks to everyone who reached out to me and gave kind words and advice. Feeling much better about the situation now. Still not out of the woods but at least I am in a manageable situation now. Hope you all have a safe and happy new year!

Stay away from gambling my friend, bad news across the board. You have to start with a clean slate. That means not even a friendly gentlemans bet with a friend or a friendly card game. Its an addiction and its a powerful one.
Walk away from it.

Yes

Mikey, glad it worked out. I’m not surprised, with the guys you are alluding too, all reasonable guys if they feel u r honorable and it sounds u did the right thin. As Others smentioned, u gotta stop bud, no more , the bug will eat u if u continue. Take care of your family, pay everything off and u will be on your way.

Thanks biggie. Thats what happened and thats my plan for the future. Happy new year!

If u don't shut up ,somebody will find u & drop you in a fryolator head 1rst U degenerate asshole.,,sorry S.C.,he had it comin.

I would fuck Neos mom in the ass for fun if..... Well I'm just kidding I already fucked her. Anyway RIP this thread and my account. Make wise choices my friends.. I haven't always made wise choices but I've also lived the life of 10 men. Ciao and ps.... RIP Ciro !!!!!