Tag Archives: gamble

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

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 [...]

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

John wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]

What to Do When Your In Debt Because of Gambling

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 [...]

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

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 [...]