Is it possible to inherit a gambling debt?

[Bravut]

Well, yes I think debt can be inherited from parents or relatives, depending on the person that is very close to the debtor or the person that stood as a guarantor for the gambler. Before someone takes loan, they usually use someone as their guarantor which is liable to pay the loan if the real borrower is unable to repay or perhaps the person dies. If the children of the borrower are wealthy enough, they will be entitled to clear their dad's debt to avoid drama from the lender. This kind of issues have caused several issues in my place.

Why would someone inherit gambling debt? This is ridiculous and I don't think this would be accepted everywhere.
There are some places where inheriting gambling debt is impossible and can never be tolerated. Everyone needs to carry their cross and should not be extended to others that do not partake in it. Gambling debt can be possible in some advanced countries but their world be a lot of consideration that need to put into a book. I think for a person to inherit gambling debt, their should be a written agreement or something that would be shown in court that such an agreement to structured on behave of the two parties with a written legal reference.

In my comment, when I said that "borrowers often uses a guarantor because it is most times requested by the lender" I was not only referring to debts incurred for the sake of gambling. I was generally referring to loans collected for what so ever reasons. It doesn't means if it's for gambling purpose, medical purpose, business purpose and personal use. Loan is what it is no matter the purpose it was used for.

Take for example, someone collected a loan and used his house as a collateral without any guarantor and used the money to gamble and lost it. Due to some circumstance, he passed away and couldn't repay the loan. If the kids of this man is alive and they have the financial capability to repay the loan, will they repay it or allow the house of their Dad to be claimed by the lender?

 Such a situation will definitely force the children to repay the loan or stand the chance to lose their fathers house.

In that situation, what the money was used for doesn't matter to the lender.

Well, yes I think debt can be inherited from parents or relatives, depending on the person that is very close to the debtor or the person that stood as a guarantor for the gambler. Before someone takes loan, they usually use someone as their guarantor which is liable to pay the loan if the real borrower is unable to repay or perhaps the person dies. If the children of the borrower are wealthy enough, they will be entitled to clear their dad's debt to avoid drama from the lender. This kind of issues have caused several issues in my place.

First of all, there is no debt as "Gambling Debt". A debt is a debt, no matter for what purpose you took it. It makes no difference whether the debt was taken to gamble or for any other purpose, it has to be repaid.

I was not specific on any debt, my comments clearly suggest that I am not specifically referring to only loans collected for gambling sake. As a matter of fact, if loan is collected, what ever the loan was used for doesn't primarily concern the lender. The lender's primary concern is to get his money and interest back from the borrower.

You are right. The lender has no business whatsoever concerning how the borrower spent the money, the borrower many at times would not explain what the money was used for to the family, probably might give half portion for family projects use the rest for gambling, sometime the family know nothing about it, so when the next of kin is alive, the collateral is valid, nothing can be done rather than pay. It would be embarrassing to have the capacity to and not pay, the only thing wrong here is the borrower should make the family aware.
Borrowing money to gambling is one of the most stupid action any gambler would take.

[junder]

Gamblers try hard to get loans from people close to them after their funds are exhausted. My friend lost money by gambling after taking a loan from me. Now I can't contact him in any way and he is far away from me.I didn't realize that he would gamble with money from me. I would have never given him a loan if I could. Several days after the loan I was able to leave, he gambled with loans from several other people and exhausted the funds.

This is done by gamblers who are already addicted to gambling, because if they become addicted to gambling they will not be able to stop gambling even though they have experienced many losses and defeats. as you said, when gambling addicts run out of money they still have a mind where they can think about doing things that can make money, but the mistake of thinking like this usually leads to negative things such as stealing other people's rights, or borrowing money. Borrowing money to gamble is of course the wrong choice because this can endanger themselves and their families if the addict cannot pay off the debt. However, this may only be done by official borrowers such as banks which are large money companies.

Apart from that, addicts may initially borrow from friends or people close to them. In my opinion, this is unlikely to involve the addict's family, but there is a chance of this happening if the friend who lent the money tells the addict's family that he already owes a certain amount of money. to gamble, and when this happens I think the addict and his family will experience serious conflict because the addict has taken quite excessive actions. With what you are experiencing, maybe you can involve the addict's family in the way I have mentioned above. unless you really let it go.

[piebeyb]

Borrowing money to gambling is one of the most stupid action any gambler would take.

Yes, that's right, it's clear that it's not a good decision when gambling, you have to borrow money, let alone be in debt to loan sharks, don't inherit debts from your family, don't let yourself as a human being from life cause trouble to your family because of gambling or addiction and then die and leave debts and inherit them to your family, that's it. not the right way, don't be too quick to decide to borrow money, especially if you don't have the knowledge to pay it back, it will definitely be difficult in the future.

I often hear about many cases of gambling addicts who commit suicide because they are in debt, so many lives are wasted just because they are in debt because they are gambling addicts, it is time to open their eyes to this, that gambling is not a game that can make players fast. rich, that doesn't exist in reality and in fact more people lose money from gambling, that's why gambling is actually just a place of entertainment to have fun, not to make money or other things that can harm yourself, gamble wisely, use the money you are ready to lose It will definitely prevent us from getting addicted, let alone wanting to go into debt to gamble.

[Juse14]

It's very possible that some may have to inherit this even though it's a bad thing to see happening, there are laws and agreements in place that surrounds some gambling deals between the gambler and the gambling platform, whereby they may engage into agreements and make use of the surety or something to serve as collateral, some in their own foolishness will also make use of any of their close related family member to stand in for them, gambling is not a thing of force to do, we have to consider the future implication of everything we are doing and how such could affect others arounds us.

Gambling is not meant to be forced but there is a broader perspective. Gambling practices have a detrimental impact on the financial and emotional health of a family. Laws must be firm and regulations must be tightened to protect communities and households from the threat of excessive gambling which can have a negative impact on their lives.

In contrast, most gambling platforms operate on simple terms and conditions: players are assumed to understand the risks they are taking. In addition, the platform provides users with various tools to help with responsible gambling, for example setting deposit limits or self-excluding from playing.

The contribution of education and awareness cannot be ignored in overcoming the negative impacts of gambling. It is important for people to be well informed about the risks involved and how to gamble safely. A comprehensive method must be adopted where we aim to limit the negative impacts of gambling, allowing individuals to gamble without restrictions but responsibly.