After gambling, it’s critical that action be taken in order to avoid further debt. What you can do about it is explained in this blog. Having a gambling problem can have serious implications. Psychological issues, confrontations with family or friends, and poor performance at school or job are all common symptoms of gambling addiction. Gambling debt can also be a concern.
Financial problems due to gambling
Gambling-related financial difficulties do not appear overnight. To make up for the losses, you may win some money in the beginning. Then again, you presumably did not immediately begin betting large amounts. Because of this, the money you lose at first isn’t all that much. But as time went on, you began to gain more, while your losses grew larger and larger. Then, you increase your bets in order to make up for your losses. Once you strike that big win, you’ll be back on even terms. As a result, many gambling addicts end up in debt as a result of their gaming.
Becoming indebted can have a profound effect on your daily life. You might want to consider:
- The fact that you owe your family or friends money that you cannot afford to repay.
- Abolishing the concept of saving
- Only having enough money to buy your everyday necessities
- Unpaid bills.
- Being unable to pay for rent arrears or your mortgage
It’s not uncommon for things to go worse if you do nothing about them.
What can you do?
There will be no new debts from now on. That means you have to stop gambling. In other words, if you keep going, your financial troubles will only grow worse. As an alternative, install a gambling blocker on your computer, laptop, or phone so that you can no longer bet. Think about GamBlock, Freedom, or Betfilter, for example.
Sites such as zelfjeschuldenregelen.nl can provide advice on how to deal with your gambling debts if they’re still manageable at the moment. Asking for help is a good idea if you’re in over your head. When that’s done, you’ll need to contact your local municipality. It is possible for them to assist you with debt counseling. One of the requirements is that you stop taking on additional loans in the future. Must be 18 years or older.
Debt Rescheduling Act
Natural Persons Debt Rescheduling Act is another alternative if you are in a dire financial situation (WSNP). The debt restructuring process will then begin. This is explained in our blog ‘Gambling and debt restructuring’. Only a so-called “amicable process” initiated by the municipal debt counseling or Bureau Zuidweg & Partners can do this. If you’re an independent entrepreneur and you can’t seem to work things out with particular partners, you can start the process in a similar manner.
Get help with gambling debt
It has been said before that the most crucial thing to do is to completely stop gambling. Help is available to those who need it. Gambling addiction rehab at Hervitas is a three-week program that allows you to focus on your recovery with other gambling addicts. You learn why you gamble and how you might deal with anger, fear, and grief in a different way as a result of your gambling activity. Our waiting period is usually no more than a week, if not shorter. For an appointment, please get in touch with us. You can still pay your debt by playing some reliable casino, sports betting site such as slots online malaysia.