“Dear Steve, Had a gambling problem and ruined my financial situation. Filed for bankruptucy chapter 13 and half my paycheck goes to that through wage garnishmetn but I did not quit gambling. I then took out several online payday loans and kept gambling and then could not pay them. The bank closed my account for …
“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. …
“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 …
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 …
“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 …
“Dear Steve, I have read some of your answers to others a few times now and thought I would dive in too. I have myself deep in debt; mostly credit cards but a few vehicles and student loans. I’ve borrowed from my 401k too so nothing there to help me. Not only did I get …
The State of California just released some interesting statistics regarding the 5,009 calls to their 1-800-GAMBLER hotline. 53% of the callers said they financed their gambling with credit cards. 38% said their credit cards were maxed out. The average amount of money the callers spent gambling was $28,647. The callers’ average personal debt was $29, …
Another case of truth is stranger than fiction. Former stockbrokler Samuel McMaster Jr., who has admitted to 26 felony charges of securities fraud, struck a deal Aug. 4 with New Mexico authorities that could allow him to stay out of prison provided he can earn enough money playing poker to repay the $444,000 he took …
“Dear Steve, I owe $25,000 on credit cards, loans and overdraft used for online casinos. How can I reduce these? Trish” Dear Trish, The residual debt is just the symptom of the greater issue, gambling. While I don’t know your age, I do know you are a woman. Online gambling is primarily used by middle-aged …
“Dear Steve, I used my home line of credit to gamble at casinos and now can’t sell my home because it’s not worth what it was was a year and a half ago. It is now worth $15,000 less and I can’t refinance it because the house is not worth it and I don’t have …