How To Combat Gambling Debts
If you are faced with this, the most important thing to do is keep calm. If you start worrying about your debt, you will immediately look for a quick solution and often gambling more in the hope of winning seems like a sensible and quick solution. It is not! Take a 'step back' and assess your financial situation. Cut your losses and focus on getting out of debt.
Firstly, you will need to gain some support from someone you trust. Realise that you are responsible for the trouble you are in and take control of your finances. Ask someone to look after you bank cards for a period of time and destroy your credit cards. This way you will prevent yourself from gambling more.
There are many organisations that will help you overcome your gambling addictions. In the UK, Gamcare offers free advice and also has a forum to discuss gambling related problems. There is also Gamblers Anonymous, which is a group of people who have decided it is better to try and beat debt through a mutual understanding and counselling of one another's gambling problems.
Once you have overcome the addiction, you need to focus on getting out of debt. There are many ways to do this, some better than others, some more suited to your individual circumstances. Getting out a loan would not be advisable. Many people get debt consolidation loans to pay off a number of creditors and consolidate their debt into one monthly payment rather than many. This is not a good idea for a couple of reasons. Firstly, you will be tempted to gamble your newly acquired finances away. Secondly, you will still be in debt, just to a different creditor and will be paying interest on your debt.
Probably the best thing to do would be to undertake some sort of financial management plan. There are different forms depending upon the severity of your debt but in all cases the concept is the same – you get a company to manage your debt for you. The financial management company will freeze all your interest, pay all your creditors on your behalf, and in some cases even write off up to 75% of your debt. All you have to do is apply for their financial management programme and they will guide you accordingly.
These companies can provide you with professional advice and help you deal with your current debt and help you to organise your money better in the future.
Related Tags: debt consolidation, debt help, debt management, advice debt management
Daniel Johansson is an Internet specialist and keen traveller who writes on a wide variety of subjects. For people wanting to visit London and sample something a little different, staying in a townhouse hotel could offer a quite unique experience. http://www.montagu-place.co.uk/ Your Article Search Directory : Find in Articles
Recent articles in this category:
- The Secrets to Getting Low Down Payment Car Insurance
Upon purchase of a new car, there is almost always a requirement to buy an auto insurance policy as - The Wisdom Behind Auto Insurance Comparison Quotes
No one in his right mind would not go for a good deal. In fact, everyone is out on their feet and ru - The Benefits of Auto Insurance Comparisons Florida
Insurance can be expensive. This is something everyone knows about especially in the sunny state of - Auto Insurance Florida: The No-Fault Policy
There are different kinds of car insurance offered by a wide range of providers today. Different sta - Finding the Cheapest Auto Insurance Companies
Everyone is asking and searching for the cheapest auto insurance companies available today. Consider - How do You Compare Private Health Insurance Cover in Australia?
Deciding what is the best and most affordable private health insurance cover can be easy if you take - How Payment Protection Insurance Was Mis-Sold
For over six years the issue of Payment Protection Insurance (PPI) and how it was mis-sold to custom - Finding Quotes For Auto Insurance Online
One of the many concerns when you are shopping for auto insurance is being able to get access to quo - How You Can Find the Best Auto Insurance Online
When it comes to renewing your car insurance you are going to quickly discover that there are a numb - Guidelines For Searching For Auto Insurance Online
The internet can be a great source of discounts and values related to auto insurance. However, many
Most viewed articles in this category:
- Trading Forex With Pivot Points
Forex Pivot Point Trading are used today by Forex Traders and are calculated on the previous days mo - Where To Search For Free Grants
Where do you look for free grants? The search must be thorough or it could be an exercise in futilit - The Connection Between High Blood Pressure and Salt
We are a society of Salt Addicts. It cannot be denied. When you look at the things we do and the pla - Tips For Avoiding HYIP Scams
Before knowing about HYIP Scams, refer to the functioning of HYIP or "High Yield Investment Programs - Getting Credit After Bankruptcy
Consumers do not have to live sans credit following a bankruptcy. By following certain steps consume - Tips For Choosing A Credit Card
Are you looking for that perfect credit card? If so, you may be confused about what exactly to look - Cheap Car Insurance For Teens Online
Many elements determine a car insurance policy. Car insurance companies look at the person's age, hi - What Exactly Is Free Grant Money?
You can apply for free grant money from various government agencies. But where exactly does this mon - Small Business Owners Marketing and Customer Service
Marketing can be time-consuming, but it doesn't have to be hugely expensive now, thanks to the Inter - Apply Online For A Credit Card - How To Choose A Card?
The best type of credit card for you will be dependant on how you intend to use the credit card. Are