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.
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.