Problem Gambling News and Events, Vol. 2, Issue 2

News and Current Events

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tammy rigsby
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Problem Gambling News and Events, Vol. 2, Issue 2

Post by tammy rigsby » Tue Jan 27, 2009 4:20 pm

Financial-Getting Back on Track
Financial devastation is a common
problem among compulsive gamblers. When a gambler decides to
choose a path of recovery, the financial problems are usually at the
forefront of their minds. Savings, equity or retirement funds could be depleted;
money could be owed to credit cards, banks, family and
friends, and even gaming facilities among others. There is a lot of pressure
coming from creditors to pay off the debts that are owed. When dealing with this problem,
it is best to have individuals who are trained or
knowledgeable to assist you. There are several avenues you can take to
receive advice and guidance. Help can be sought through a non-profit
and trained credit counseling service or a Gamblers Anonymous pressure
relief group meeting. The FCCG has trained credit counseling organizations
to work with problem gamblers
giving them approaches which support them and their families in recovering
from the gambling related debt.
The Gamblers Anonymous’ pressure relief program is facilitated by experienced
members usually after a certain period of abstinence (60 or 90 days).
This group stresses the importance of making restitution and slow repayment of
debts as an important step in recovery. The FCCG also offers literature which includes
the recovery workbook series
“A Chance for Change”. Book 4 in this series is dedicated to dealing with and working
through financial problems. Call 1-888-ADMIT-IT for workbooks,
resources and referrals that can help.

Statistics of Financial Problems
Average debt due to gambling
as cited by callers to
the HelpLine-$60,000
• 69% owe to credit
• 52% owe to family
and/or friends
• 76% are having
trouble paying
household bills
• 60% admitted to
using savings, equity
or retirement
funds to gamble
• 31% pawned or sold
goods to obtain
money to gamble
• 30% committed illegal
acts to fund their
gambling addiction

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