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How to Recover from Gambling and Debt
There are many reasons why people fall into the trap of bad debt and one of them is gambling addiction. Sadly, some may not realize the problem until there is no other solution left but to file for bankruptcy. True enough, what may start out as a hobby can turn into a harmful addiction which can bring great damage physically, emotionally, and financially.
If you find yourself struggling with gambling addiction, what can you do? Consider the following advice on how to get over gambling and bad debt:
Recognize the problem. At first, it may be hard to admit that there is a problem but recognizing the true cause of your bad credit situation is the only way you can work out a solution. Below are questions that you can ask yourself to recognize gambling addiction.
If you answer yes to these questions, you may have a gambling addiction and you should take a positive step quickly before things get worse.
Has gambling become a daily part of your routine?
Do you borrow money just to be able to gamble?
Do you find yourself using your cash on gambling instead of buying necessities or paying an important bill?
Do you get into fights with family members or friends because of your gambling habit?
Have you ever sold anything to support your gambling?
Do you feel like your day isnt complete until you have gambled?
Set your priorities. You need to set straight your priorities. If you have been behind your payments, you need to spend your money on the most important things. Do not use gambling as an excuse to pay your debts with your winnings. No one should depend on gambling to solve a debt problem as doing so can only worsen your bad debt situation.
Seek professional help. Since gambling addiction is a behavioural issue, seeking professional help is recommended. Instead of trying to solve the problem on your own, its best to get assistance from a trusted credit counselor or from organizations that offer rehabilitation help for people with gambling addiction.
Consolidating debts. For extreme cases of debt, acquiring a debt consolidation loan may be recommended. However, keep in mind that taking out a loan to pay your debts is only the first step. In order to completely be free from debts, you must be able to keep up with your repayment obligations to your debt consolidation company.
Your credit counselor may also advise you to enrol in DMP or Debt Management Program where you will submit payments to the agency who will distribute your payments to your creditors. Nevertheless, the success of this arrangement will still depend on how well you can keep up with your payments.
Expect challenges but be determined. Fighting the urge to gamble can prove to be a very challenging task but no matter how difficult it is, be determined to do what it takes to control your addiction. Focus on your job and other beneficial activities to keep your mind off from gambling.
What is it Online Gambling?
What is it Online Gambling?
Just like any commercial market today, gambling also took its chance of having to saturate a broader area of gaming through the Internet.
Nowadays, there are as many online gambling games as there are gambling games. Every kind of gambling game has their online counter parts in the Web. From poker to sports betting, every gambling activity seems to be online.
Most proponents of online gambling assert that online gambling is just as safe as gambling in known casinos in Las Vegas and Atlantic City. Just like the usual casino, online casinos are also required to have their licenses and permits before engaging into online gambling.
By doing so, online casinos are systematically regulated and audited by professional firms. All online casinos use the secure e-cash facilities, in cooperation with the credit card companies, so that the customers are being protected from unauthorized use of credit cards or from cases of identity theft.
Generally, online gambling in an online casino will entice new players by requiring them to deposit an amount by offering bonuses. An online casino that will offer you a free $100 for a $50 deposit is a good example. In this manner, more people believe that online gambling offers better chances than real-life gambling. However, this poses more risk in getting addicted to the game.
For people who want to play online gambling, deposits can be made through credit cards, fire pay, or 900 pay. Fire pay works like an ordinary online debit card. Normally, the player places money into the account and can be spent to any online merchants. Funds can be deposited through wire transfers. 900 pay, on the other hand, is another way of depositing money by calling a 900 number and the amount that is to be deposited is charged to the player’s phone bill.
What’s more, online casinos are further classified into two groups based on their interface. Online casinos could either be web-based or download-based.
Web-based casinos are forms of online gambling wherein users may directly play online casino games without having to load any software to the local computer. Online gambling is mainly presented in the browser plugins like Macromedia Flash, Shockwave, or Java.
On the other hand, download-based online casinos are the most common online gambling sites in the Web. Here, online gambling users have to download certain software in order to play the casino games. And because it has pre-downloaded software, it is faster to initiate casino games on it compared to web-based casinos.
Plus, there are other ways of frauds in online gambling. Most of these cases are player-based. Players who want to cheat usually uses Adobe Photoshop or a comparable tool to maneuver the graphics of a slot machine screenshot in order to deceive the casino into thinking that the player just hit a jackpot. Another way is to use special software, one that can cheat the casino.
Online gambling is a highly interactive game, meaning whatever choices players make are based on their own prerogatives. So, however enticing online gambling can be it is a must that players must know their own dispositions so as not to be deceived.