Pay off DEBT by do Gambling? think again before you loss more

[Twentyonepaylots]

I have a hanging out friend who is having trouble paying his house installments, he wanted to borrow money from me but I didn't give it to him because I didn't have the amount he was borrowing at that time, I advised him to borrow from another friend but their answer was still the same, finally, he was a little desperate and with the little money he had he put the money into the online slot application, unfortunately, instead of succeeding in doubling his money, he lost all his money because he lost in the online slot application

The valuable message that can be taken from my friend above is never take risks to gamble to pay off your debts, the pressure is very big, the chance is very small that you can pay off your debts, often you end up losing even more and losing your money. look for loans, sell your valuables or look for part-time work to pay off your debts, is a good way rather than playing the small money you have in gambling

I think paying off debt through gambling is achievable if that individual is consistently receiving money, like a monthly salary or something like that, or any cash flow that he or she is consistently receiving. If he or she does have that, then the next step is to budget that money. For example, 5% of that money is for paying the debt, and the other 5% is for gambling. That 5%, he or she will try to gamble it and hopes to make it 3x more so it can be paid for the debt.

I think the problem with your friend is that he is not receiving consistent money to supply his daily needs and wants, and as a result, he cannot handle his debts because he is barely living, and that is the worst. In that situation, I think he needs to let go of gambling and try to find another source of income or side hustle. By working, he can pay off his debts without much risk because he is working and not gambling.

[Quidat]

That's probably the worst thing that you can do, gambling so you can pay off your debts is a sure fire way to destroy your life and burden yourself with even more debt. I hope that this person didn't have that much debt though, I feel like people really need to understand that debt is a really heavy obligation and that people shouldn't just go on and ask for it or give it to someone because you're borrowing trust too if you're the borrower and the lender and it's really a hard thing to be a lender because you know that the money isn't going to go back anytime soon. Maybe we really need to teach the young people about debt because I do believe that if we instill a rule or principle early on their life, they'll be able to bring that until they're an adult, they're like a blank canvas at a really young age so it's a good idea to do so I think.

Borrowing sums of money and not paying on time as promised is disrespectful. It is a virtue to be consistent with our words and not become abusive, particularly to individuals who showed concern, for instance, the lenders.

Perhaps teaching ethics and good morals to their kids is not normal in certain families.  I also recommended that it ought to be taught by parents and early school so that kids become honorable when they grow up raising families and laying out connections with others.

Gambling is only one of the choices we have to enjoy while likewise getting the chance to bring in money. So, getting cash in wagering is by chance and not an assurance.

Not really that totally disrespectful as long you would really be making some explanations for such delay and not really just that running away from your loan.
Paying off your debt no matter what the use of those amounts on the time that you had been promised on. Its never been good on running away from it.
You would really be losing your credibility and people would really be losing that trust into you on which it would be worsening up the situation.
Paying off debt and gamble with it or simply making it as a solution? You are really that basically putting up yourself on such great trouble.

[rahmad2nd]

~~
The valuable message that can be taken from my friend above is never take risks to gamble to pay off your debts, the pressure is very big, the chance is very small that you can pay off your debts, often you end up losing even more and losing your money. look for loans, sell your valuables or look for part-time work to pay off your debts, is a good way rather than playing the small money you have in gambling

We agree with what you said, in fact if gambling is used to find an instant way to get money quickly. especially with the aim of paying off debt, the consequences can have a big impact. one of them, as you said in this thread. instead of doubling your money and getting winnings to cover or meet your needs, the result is that the gambling we do usually doesn't meet expectations. If we are lucky and win a gambling session with a large reward, then that is a blessing. or, we win and are destined to win that victory. but if it is the opposite, our problem will not be resolved, but the problem will actually expand and get bigger. like some of the points you mentioned, in the end we will try to look for loans here and there and how to try to get money. unfortunately, instead of covering previous debts, they ended up gambling again to chase losses. Cases like this often occur in our social environment. so, it's not a foreign problem for me personally.

One of the keys to solving the problem is, as you said  looking for part time work. or, get a little creative to bring in money without having to risk it at the gambling table. referring to my experience, when our emotional situation is not in a pleasant condition, we are in debt and so on. then gambling, usually does not answer our needs. in fact, we don't get any pleasure from the gambling sessions we do. however, if we are in an exciting situation, the gambling we do is often the opposite. hit after good hit during a betting session, often according to our happy mood. although in reality, it's not always that specific.

[GideonGono]

I have a hanging out friend who is having trouble paying his house installments, he wanted to borrow money from me but I didn't give it to him because I didn't have the amount he was borrowing at that time, I advised him to borrow from another friend but their answer was still the same, finally, he was a little desperate and with the little money he had he put the money into the online slot application, unfortunately, instead of succeeding in doubling his money, he lost all his money because he lost in the online slot application

The valuable message that can be taken from my friend above is never take risks to gamble to pay off your debts, the pressure is very big, the chance is very small that you can pay off your debts, often you end up losing even more and losing your money. look for loans, sell your valuables or look for part-time work to pay off your debts, is a good way rather than playing the small money you have in gambling

If a person couldn't even pay their bills or necessities, then why would they even risk losing their money on gambling?
In gambling or investment only risk what you could afford to lose and they couldn't even afford to pay what they need so why would they even have to risk what they have?
I only agree on instead of risking the little money that they have in gambling they should focus on earning more than they are currently earning since it is clear that it isn't enough, even if they do take loan they would still be indebt so it is useless, the only solution would be to earn more.

[carlfebz2]

I have a hanging out friend who is having trouble paying his house installments, he wanted to borrow money from me but I didn't give it to him because I didn't have the amount he was borrowing at that time, I advised him to borrow from another friend but their answer was still the same, finally, he was a little desperate and with the little money he had he put the money into the online slot application, unfortunately, instead of succeeding in doubling his money, he lost all his money because he lost in the online slot application

The valuable message that can be taken from my friend above is never take risks to gamble to pay off your debts, the pressure is very big, the chance is very small that you can pay off your debts, often you end up losing even more and losing your money. look for loans, sell your valuables or look for part-time work to pay off your debts, is a good way rather than playing the small money you have in gambling

If a person couldn't even pay their bills or necessities, then why would they even risk losing their money on gambling?
In gambling or investment only risk what you could afford to lose and they couldn't even afford to pay what they need so why would they even have to risk what they have?
I only agree on instead of risking the little money that they have in gambling they should focus on earning more than they are currently earning since it is clear that it isn't enough, even if they do take loan they would still be indebt so it is useless, the only solution would be to earn more.

I dont know on why these people do really think off about gambling as their last resort or solution into such problem on which we know that this is really that a form of suicide on which there's no way that
gambling could really be the solution on such problem specially on trying out to pay some bills and you do have that last money and tends to gamble it out because you do hope that you could be able to pay
up your bills via doing gambling then it is really just that suicide. You would really be finding yourself into greater trouble on the time that you do make out such decision on which we know that its never been
worth on doing gambling to be a money problem solver because instead you do find out a solution you would rather make the situation gets more worst so better be careful with your decisions in life. 

[len01]

Not really that totally disrespectful as long you would really be making some explanations for such delay and not really just that running away from your loan.
Paying off your debt no matter what the use of those amounts on the time that you had been promised on. Its never been good on running away from it.
You would really be losing your credibility and people would really be losing that trust into you on which it would be worsening up the situation.
Paying off debt and gamble with it or simply making it as a solution? You are really that basically putting up yourself on such great trouble.

when someone has debt to another person and cannot pay it back on time and giving an explanation and asking for an extension of time for me much better and also having good ethics like still having the responsibility to return the money.
It's also better than forcing yourself to get results in other ways such as gambling to double your money and quickly pay off your debts its quite clear that he expects more from gambling, whereas gambling is only a place of entertainment, but instead gamblers see it as place to make money.

anyone here or out there, I hope that you never think of gambling as an opportunity to make money or hope too much because that kind of thinking very bad and we can be too dependent on gambling every time we need money, we will definitely run to gambling in the hope getting money get money but if you are not lucky make sure we don't double the money but double problem we have to return the money and also lose the money at same time.

[Renampun]

when someone has a debt to another person and cannot pay it back on time and giving an explanation and asking for an extension of time for me is much better and also having good ethics like still having the responsibility to return the money.
It's also better than forcing yourself to get results in other ways such as gambling to double your money and quickly pay off your debts it's quite clear that he expects more from gambling, whereas gambling is only a place of entertainment, but instead gamblers see it as a place to make money.

anyone here or out there, I hope that you never think of gambling as an opportunity to make money or hope too much because that kind of thinking is very bad and we can be too dependent on gambling every time we need money, we will definitely run to gambling in the hope of getting money get money but if you are not lucky make sure we don't double the money but double the problem we have to return the money and also lose the money at the same time.

As long as you have a sincere intention to pay off your debt, I am 100% sure that the debt collector will give in and give you an additional deadline, but if you want to run away from your responsibility then it will definitely be difficult to pay off your debt and the debt giver will not give you relief.
gambling is a risky activity, especially the risk will increase when you have debts that you have to pay, I suggest always being stable in paying debts, debt management is very important, if you pay off your debt on time then you will get used to doing that and always focus (it would be better for gamblers to stay away from debt activities)

[angrybirdy]

when someone has a debt to another person and cannot pay it back on time and giving an explanation and asking for an extension of time for me is much better and also having good ethics like still having the responsibility to return the money.
It's also better than forcing yourself to get results in other ways such as gambling to double your money and quickly pay off your debts it's quite clear that he expects more from gambling, whereas gambling is only a place of entertainment, but instead gamblers see it as a place to make money.

anyone here or out there, I hope that you never think of gambling as an opportunity to make money or hope too much because that kind of thinking is very bad and we can be too dependent on gambling every time we need money, we will definitely run to gambling in the hope of getting money get money but if you are not lucky make sure we don't double the money but double the problem we have to return the money and also lose the money at the same time.

As long as you have a sincere intention to pay off your debt, I am 100% sure that the debt collector will give in and give you an additional deadline, but if you want to run away from your responsibility then it will definitely be difficult to pay off your debt and the debt giver will not give you relief.

Exactly! but not all lending companies give a grace period on the debts you have to pay. Usually they are strict in their policy and they will really follow what is stated in the agreement, they can also pull the collateral you gave them anytime you fail to pay.

[wxa7115]

I have a hanging out friend who is having trouble paying his house installments, he wanted to borrow money from me but I didn't give it to him because I didn't have the amount he was borrowing at that time, I advised him to borrow from another friend but their answer was still the same, finally, he was a little desperate and with the little money he had he put the money into the online slot application, unfortunately, instead of succeeding in doubling his money, he lost all his money because he lost in the online slot application

The valuable message that can be taken from my friend above is never take risks to gamble to pay off your debts, the pressure is very big, the chance is very small that you can pay off your debts, often you end up losing even more and losing your money. look for loans, sell your valuables or look for part-time work to pay off your debts, is a good way rather than playing the small money you have in gambling

If a person couldn't even pay their bills or necessities, then why would they even risk losing their money on gambling?
In gambling or investment only risk what you could afford to lose and they couldn't even afford to pay what they need so why would they even have to risk what they have?
I only agree on instead of risking the little money that they have in gambling they should focus on earning more than they are currently earning since it is clear that it isn't enough, even if they do take loan they would still be indebt so it is useless, the only solution would be to earn more.

Many people are that irresponsible, right now we live in a culture that is always looking for a quick fix to any problem, so if a person is lacking money, instead of thinking about decreasing their current expenses or learning a new skill which could allow them to get a better job.

What they want is to solve their problems as fast as possible, and they think that gambling can be a way to do this, since gambling could allow them to get enough money for their needs with relatively low effort and do so rapidly, but this is a naive view, since it is way more likely they will lose their money and aggravate their problems instead.

[stomachgrowls]

I have a hanging out friend who is having trouble paying his house installments, he wanted to borrow money from me but I didn't give it to him because I didn't have the amount he was borrowing at that time, I advised him to borrow from another friend but their answer was still the same, finally, he was a little desperate and with the little money he had he put the money into the online slot application, unfortunately, instead of succeeding in doubling his money, he lost all his money because he lost in the online slot application

The valuable message that can be taken from my friend above is never take risks to gamble to pay off your debts, the pressure is very big, the chance is very small that you can pay off your debts, often you end up losing even more and losing your money. look for loans, sell your valuables or look for part-time work to pay off your debts, is a good way rather than playing the small money you have in gambling

If a person couldn't even pay their bills or necessities, then why would they even risk losing their money on gambling?
In gambling or investment only risk what you could afford to lose and they couldn't even afford to pay what they need so why would they even have to risk what they have?
I only agree on instead of risking the little money that they have in gambling they should focus on earning more than they are currently earning since it is clear that it isn't enough, even if they do take loan they would still be indebt so it is useless, the only solution would be to earn more.

Many people are that irresponsible, right now we live in a culture that is always looking for a quick fix to any problem, so if a person is lacking money, instead of thinking about decreasing their current expenses or learning a new skill which could allow them to get a better job.

What they want is to solve their problems as fast as possible, and they think that gambling can be a way to do this, since gambling could allow them to get enough money for their needs with relatively low effort and do so rapidly, but this is a naive view, since it is way more likely they will lose their money and aggravate their problems instead.

Just let them be on which they wont really be able to make themselves able to learn those lessons on the time that they wont be able to experience those hardships.Its not necessary for you to experience first before
you would really be making out such actions but it would really be that always best to avoid it at all cost and dont let it happen but since people doesnt really learn up so easy then this is why they do mess
up along the way. Paying debt by doing gambling? It is really just simply a suicide and its never been that recommended on doing so. It is really just that there are people who do make themselves getting blind
and dont really avoid on things and they are really that neglecting about those risks.

We are really that putting our selves on huge risks if we do make use of our last money to gamble and hoping that it would be making it big and be able to have solved those problems
which it would be too risky. Chances on busting up is high,so its not really recommended.

[Gormicsta]

I have a hanging out friend who is having trouble paying his house installments, he wanted to borrow money from me but I didn't give it to him because I didn't have the amount he was borrowing at that time, I advised him to borrow from another friend but their answer was still the same, finally, he was a little desperate and with the little money he had he put the money into the online slot application, unfortunately, instead of succeeding in doubling his money, he lost all his money because he lost in the online slot application

The valuable message that can be taken from my friend above is never take risks to gamble to pay off your debts, the pressure is very big, the chance is very small that you can pay off your debts, often you end up losing even more and losing your money. look for loans, sell your valuables or look for part-time work to pay off your debts, is a good way rather than playing the small money you have in gambling

If a person couldn't even pay their bills or necessities, then why would they even risk losing their money on gambling?
In gambling or investment only risk what you could afford to lose and they couldn't even afford to pay what they need so why would they even have to risk what they have?
I only agree on instead of risking the little money that they have in gambling they should focus on earning more than they are currently earning since it is clear that it isn't enough, even if they do take loan they would still be indebt so it is useless, the only solution would be to earn more.

This is a fact that a lot of people have failed to put into consideration. If a person is struggling to pay their bills or meet their basic needs, then gambling isn't the best option for them, I know for some reason, gambling might look like the best way to multiply your money and then use it to pay off your outstanding bills. But this is the worse lie anyone can ever tell you, sometimes we even tell ourselves this lie, please whenever you feel that way, get rid of the thought else you might end up worsening your current situation by incurring more debts for yourself.

[ethereumhunter]

Many people are that irresponsible, right now we live in a culture that is always looking for a quick fix to any problem, so if a person is lacking money, instead of thinking about decreasing their current expenses or learning a new skill which could allow them to get a better job.

What they want is to solve their problems as fast as possible, and they think that gambling can be a way to do this, since gambling could allow them to get enough money for their needs with relatively low effort and do so rapidly, but this is a naive view, since it is way more likely they will lose their money and aggravate their problems instead.

No doubt for that. People will search for the fast way to have money but they are use a wrong way. If they use gambling to make money, that will not always happens because they can lose all of their money without have a chance to make money. They should considers to pawn some of their goods to gets a loan so they can have money. That will help them to have money while they don't have to lose their money in the gambling.

While they borrowing money from other people fills their needs or because of other reasons, they can search for a side job that can give them money to pay the debt. If they already have debts, they must search another job that can give them money. People must not use gambling to make money, especially to pay the debt. That will gives more problems to them.

[Mauser]

I have a hanging out friend who is having trouble paying his house installments, he wanted to borrow money from me but I didn't give it to him because I didn't have the amount he was borrowing at that time, I advised him to borrow from another friend but their answer was still the same, finally, he was a little desperate and with the little money he had he put the money into the online slot application, unfortunately, instead of succeeding in doubling his money, he lost all his money because he lost in the online slot application

The valuable message that can be taken from my friend above is never take risks to gamble to pay off your debts, the pressure is very big, the chance is very small that you can pay off your debts, often you end up losing even more and losing your money. look for loans, sell your valuables or look for part-time work to pay off your debts, is a good way rather than playing the small money you have in gambling

This is a sad story, your friend is clearly struggling to make enough money to pay off his house and wants to borrow money. As a good friend you should have tried to help him, even if you don't give him money. Just sending him to another friend and try to get money from him is not really helpful. Of course gambling is not a method to pay off a loan. You take out a loan if you don't have money, why would you then go into gambling if you have no money in the first place? It would be much better to try and increase your income through work, because that is going to lead to a reliable source of income. When it comes to go gambling, there is nothing reliable, everything is based on chance, we can either win or lose. But our loan we will always have to pay back and this could only lead to losing our home if we can't afford the monthly installments. At least for me, I would only consider gambling if I actually have money for that. If we can't afford to lose the money that we already have, that it's better to stay away from the casino and first save money to pay off our debt.

[Latviand]

Stupidest thing that you can do honestly, what did you expect that you're like those other people that was able to gamble away all of their money and win to payback their debts? That's probably the easiest mistake that you can avoid but it's funny to me that there's still some people that are falling for this kind of trick, I guess when you're so desperate you don't think right and you're moving and deciding things too fast because you feel like it's the end of the world for you so you take the riskiest but the shortest route to getting out of debt, it's sad but you can't be too soft on people that commit these mistakes, they're probably in too deep and they know that they have to get into it.

[KiaKia]

Circumstances have lead some people into gambling and it ended up favouring them, some people have faced some challenges in their life and trying their luck with gambling is the only thing they can do and it ended well, the few I knew about are people who don't want to gamble, but at that point in time they don't have any choice and it still paid them.

It's like something in gambling is spiritual, who look straight into the heart and reward those who don't want anything else from gambling but just a single way out at the very crucial time, I am not encouraging you to go gamble, you can still lose even if you are gambling because you have no other ways, all I am trying to say is that miracles do happens when you least expect them.

I would advice against paying debt with gambling, the example I dropped is about few people who aren't into debt but needed a way out, they got lucky and they never return, they understood the risk but they don't have any choice than to take it, the greedy get crushed hard as a gambler and those who took it less serious get more lucky.

[Negotiation]

That's probably the worst thing that you can do, gambling so you can pay off your debts is a sure fire way to destroy your life and burden yourself with even more debt. I hope that this person didn't have that much debt though, I feel like people really need to understand that debt is a really heavy obligation and that people shouldn't just go on and ask for it or give it to someone because you're borrowing trust too if you're the borrower and the lender and it's really a hard thing to be a lender because you know that the money isn't going to go back anytime soon. Maybe we really need to teach the young people about debt because I do believe that if we instill a rule or principle early on their life, they'll be able to bring that until they're an adult, they're like a blank canvas at a really young age so it's a good idea to do so I think.

Borrowing sums of money and not paying on time as promised is disrespectful. It is a virtue to be consistent with our words and not become abusive, particularly to individuals who showed concern, for instance, the lenders.

Perhaps teaching ethics and good morals to their kids is not normal in certain families.  I also recommended that it ought to be taught by parents and early school so that kids become honorable when they grow up raising families and laying out connections with others.

Gambling is only one of the choices we have to enjoy while likewise getting the chance to bring in money. So, getting cash in wagering is by chance and not an assurance.

I think it is nothing but foolishness to expect another chance through betting. Accurately guaranteeing a win in a bet is difficult borrowing money that will be difficult to pay back on time can lead to a lack of transparency in the relationship and lead to false expectations between the two parties. Many people lend money to friends or family they agree to proceed on an honor system simply trusting that the borrower will pay them back in due course. But when they can't give back there is conflict in the relationship. Then his influence on the whole family.

[Ever-young]

Stupidest thing that you can do honestly, what did you expect that you're like those other people that was able to gamble away all of their money and win to payback their debts? That's probably the easiest mistake that you can avoid but it's funny to me that there's still some people that are falling for this kind of trick, I guess when you're so desperate you don't think right and you're moving and deciding things too fast because you feel like it's the end of the world for you so you take the riskiest but the shortest route to getting out of debt, it's sad but you can't be too soft on people that commit these mistakes, they're probably in too deep and they know that they have to get into it.

I believe you are correct; people in tough times may believe they have no other options and so take risks they would not ordinarily take. They may be nervous and anxious, which prevents them from thinking clearly about the ramifications of their actions. And sometimes the temptation to recover lost funds or get out of debt can be overwhelming, clouding someone's judgment. So it's not that they're stupid; it's simply that they're in an awful situation and are looking for a way out. Most people in the same situation would consider doing the same thing.

[taufik123]

-snip-
While they borrowing money from other people fills their needs or because of other reasons, they can search for a side job that can give them money to pay the debt. If they already have debts, they must search another job that can give them money. People must not use gambling to make money, especially to pay the debt. That will gives more problems to them.

Borrowing money is never allowed to play gambling, especially if you don't have any guarantees and just gamble without having knowledge in gambling.
I don't know why people who come to gambling with borrowed money always get lost in the end, this is also due to mental problems, and they become too addicts without realizing that they are wrong.

Borrowing money from loan sharks and playing gambling and losing, it will only become a new burden and have to pay off the debt along with interest.
This will only stress them out, in fact it is not the gambling platform that is wrong and dangerous, but the mindset of the person using it.
Online gambling sites have warned and are not responsible for all kinds of losses, losses and more extreme levels, they only provide gambling games for everyone with a predetermined age limit.

[TheUltraElite]

This is a fact that a lot of people have failed to put into consideration. If a person is struggling to pay their bills or meet their basic needs, then gambling isn't the best option for them, I know for some reason, gambling might look like the best way to multiply your money and then use it to pay off your outstanding bills. But this is the worse lie anyone can ever tell you, sometimes we even tell ourselves this lie, please whenever you feel that way, get rid of the thought else you might end up worsening your current situation by incurring more debts for yourself.

Gambling seems to give broken people a false hope which is normal in their mindset when they are not thinking straight and logically. While someone might play more and lose even more, others might be able to control their wrong mindset and actually survive out of the hellhole they are in and come out a wise man.

It all how we face the lives, bad ways of living tend to come in when times are bad and these need to tackled carefully with a strict mindset. Its tough but getting over the temptation of gambling to make money is possible.

I have seen both types of people from casino chat boxes and in real life. Good things are possible and that hope should never die that something better is waiting for us, we should be careful about the risks we take.

[bakasabo]

Paying off debt or fixing financial issues with gambling - this is what I saw often when I was a kid. In 90s people were much more simpler or naive, than they are now. I have seen small local casino points open almost monthly. These places were full of people. Now I rarely see more than 10 persons in a casino where 100+ would easily fit. From that I can make a conclusion, that people either became more smart and did not use gambling to fix finance problems, or gamble online.

Imho paying debt by gambling isnt right, firstly because it supposed to be a quick solution, while quick solution often isnt the right solution. It is acceptable to pay off the debt by gambling, but if you do it on a distance of years, and you are good at self control. In other cases, it will lead to even more problems.