Gambling and Financial Concerns

Three-quarters of those with gambling problems can stop doing it without too much difficulty. After giving up gambling, many people make significant efforts to regain financial stability. Recruit a reliable friend to assist you in handling your finances.

Money-saving Advice

It will be useful in regulating your financial resources. Recommendations on a broad scale:

• You should let others know what you’re up to so they won’t lend you money.
• Receive your pay with a direct deposit.
• Cut up your bank and credit cards, or hand them over to your caretaker.
• Make plans with your bank to receive minimal ATM withdrawals on a daily basis.
• Remove the ability to use a credit card to withdraw cash.

Secure your Possessions

Safeguard your possessions and valuables. A few recommendations are:

• Give away valuable possessions.
• To have a caveat placed on your property, you should consult a lawyer.
• It could be wise to add a “no more credit” notation to your credit report.
• Get in touch with your lawyer.

Foreclosure and the Gambling Industry

Filing for bankruptcy voluntarily can be a good alternative if you have too much debt to ever pay it off. This is a major decision that demands careful thought and the input of experts.