Gambling Debt Research

Apart from the obvious problem of gambling and the addiction that comes with it, the financial consequences of gambling are far reaching.

It's all too easy now to get into debt, and with one eye on the roulette wheel it's easy to miss how fast it is to run up big debt bills.

Research by YouGov for moneyexpert.com shows that 8% are also frittering away life savings to pay for their habits.

The percentages may sound low, but if applied to the whole population then some 3m people are betting between £50 and £150 per month. If their finances can stand it then what's the problem? - but it's where the finances are the problem that the things start to take a toll.

The first step - before dealing with gambling debts - is to get help for the addiction. No debt management plan can work if the underlying problem is still present. Unfortunately we can't help with that, but we can help solve the financial consequences of gambling.

Remember - It's easy for some people to say "tough - it's your own fault", but that does not help solve the problem. Remarkably, the attitude of lenders is also similarly unhelpful which is why using DCM to help you is the right choice, we act as a welcome buffer between you and the credit card companies, and we're really thick skinned.

0845 120 1 120 for more help and advice.

 moneyexpert.com