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Tag Archives: gambling

I’m in the Marines and Contemplating Suicide. Can I File Bankruptcy? – Larry

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“Dear Steve, Steve, I am a Master Sergeant in the Marine Corps and have made some mistakes w/ debt. I got 2 credit cards and 1 personal loan ($40K total) that my wife didn’t know about so I could gamble. Needless to say I lost a lot of money and when it was all said and done I was contemplating ... Read More »

I Am Never Gambling at the Casino Again But I Need Help. – Pat

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“Dear Steve, I have been going to the casino for sometime now but it has really gotten out of hand I find myself hitting the atm machine and now I have no money my rent is due the gas is due and I dont know where to turn It has become serious and I am getting scared well not getting ... Read More »

My Bipolar Boyfriend Killed Himself But Ran Up My Debt Before. – Bonnie

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“Dear Steve, My boyfriend was living with me and about 1 week before it was to be our one year, he committed suicide. He survived for two years in a vegative state. He passed away 2 years ago and I am stuck paying his debt that he racked up on my credit card, by buying tools and then pawning them ... Read More »

Debt is the Symptom, Not the Problem

The stomach ache is the symptom, not the problem. What is causing the stomach ache?

Now here is a point many in the debt world get totally wrong. They assume that the debt someone has is the problem. That’s not true. In fact the debt is the byproduct of another event and like losing partial vision in one eye, it’s the symptom of a greater underlying issue. If the focus is on the debt itself ... Read More »

Would Bankruptcy Be An Option for My 70 Year Old parents? – Lauri

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“Dear Steve, My parents are 71 and 73 and still working full time. My Dad had a gambling problem and has put them in debt with credit cards. My mom has been sending the minimum on most and more on others but the interst is killing them. They are both in poor health and would like to retire this Dec ... Read More »

Online Gambling Has Me Deep in Debt. – Andy

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“Dear Steve, I’ve racked up a ton of debt – mostly all from online gambling. Over the past 2 years, I’ve opened up $2,000 credit card with bank – currently maxed out $3,500 credit card w/ credit union 1 – maxed $3,700 loan w/ credit union 2 – balance currently $2200. $3,000 credit card with paypal – $2,500 current balance ... Read More »

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 »

Absolute Poker Payment Processor Pleads Guilty To Fraud

Brent Beckley, the director of payment processing for Absolute Poker, pled guilty this month in Manhattan federal court to conspiracy to engage in unlawful internet gambling and conspiracy to commit bank fraud and wire fraud, in connection with a scheme to deceive U.S. banks and financial institutions, using them to process tens of millions of dollars in payments for Absolute ... Read More »

I Am a Problem Gambler With a Lot of Debt. – Dontwanttosay

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“Dear Steve, I’m totally screwed all my own fault. I am a problem gambler. I have never addressed this issue, only tried to maintain it, or hide it for that matter. My money was never good…I have a good job but make bad moves all the time. About 6-7 months ago I decided I was gonna do chapter 7. I ... Read More »

Another MetLife Employee Strikes Again!

Just a few days ago I reported on how former MetLife employee, Mark Edward Salyer of Tennessee, was responsible for the investment fraud scheme to the tune of $6 million between June of 2005 until June of 2007. Three days later, on October 6, 2011, Pensylvannia resident John Wosotowsky pleaded guilty to two counts (mail fraud and filing a false ... Read More »

I’m Addicted to Gambling and Casinos. I Also Have an Abusive Husband. – Sherry

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“Dear Steve, I discovered casinos while I was doing sales in Wa. It was a great stress relief. With an abusive husband, and no one to talk to, I liked to get away. I didnt really talk to anyone, just enjoyed the thrill of gambling. I win alot..Not a lot of money, but I win. Love the Bonuses..My friend tell ... Read More »

I Was Buying Stocks Using Credit Cards And Now I Can’y Pay My Bills. – Delano

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“Dear Steve, we got real good money situation back than. it started when i start buying stocks using credit cards. i mean a lot of credit cards. that day, i believe the stocks will boom. and soon… the stocks tumbling down. and now, i can’t pay the credit plus the interest. since i can’t pay all the bills, then i ... 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 »

I Have Borrowed Money From Some Very Bad People. I Am a Problem Gambler. – Robert

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“Dear Steve, Its really difficult for me to express myself as it is very painful even thinking about this, but I will do my best. First of all I am a problem gambler and have been for the last 5 years. I currently have 3 bank accounts with overdrafts of about $6.000. I also have two loans of $30.000 each ... Read More »

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