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Tag Archives: gamble

Gambler Debt Soaring to Crazy Heights and Climbing. Blamed on a Hopeless Economy.

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In Wisconsin a gambling addiction hotline has seen a substantial increase in the amount of debt gamblers are carrying. The average reported gambling debt in 2011 was more than $157,000, a huge increase over the average debt in 2010. The Executive of the Wisconsin Council on Problem Gambling said that more people are maxing-out credit cards, getting short-term loans, or ... Read More »

    I Was Not a Compulsive Shopper. I Was a Day Trader. – John

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    “Dear Steve, I’m currently having two debt settlements going on between two cards totalling $14,000. Actually, I had three credit cards when I started the settlement, with a total debt of $19,000. One was settled so far with a balance of $5,500 being settled for $1,700. Still waiting on the other two, but while I’m waiting my credit score is ... Read More »

      What to Do When Your In Debt Because of Gambling

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      If you’ve found yourself in debt because of gambling the worst thing you can possibly do is run towards a debt relief solution first. Before we begin to worry about getting out of debt the first step is to seek help and assistance for the underlying issue first, the gambling. If you don’t then you’ll wind up like most people, ... Read More »

        Steve Writes In “I Want to Cash Out My 401(k) And Pay Off Debt.”

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        Steve wrote me through the GetOutOfDebt.org site to ask his question below. You can too! “Dear Steve, I currently make $46,000.00 per year with no benefits. My wife’s income is $19,800.00 per year. Three years ago her income was $35,000.00 per year. We have racked up about $20,000.00 in credit card debt and have a car loan of which the ... Read More »

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