How long does it take to recover from gambling and pay off debt?

How to recover from gambling debt and start a new life

Quitting gambling was one of life biggest challenges I had to face in my life so far. I would like to break it down into two causes that made me quit gambling: my mental and financial condition.

It’s been well over 7 years since I made this important step in my life and the only thing I would change is that I wish I would quit earlier than I actually did. At this point of my life, I don’t regret gambling in the past, I’m trying not to go back to times where I wasn’t myself and where gambling took over my life.

So, how quick can you recover from gambling?

Considering myself as an example and people I know, you’ll be recovering from gambling as long as your debt are still there. Good news is that the more debt paid off the easier to stay gambling free. The time you stay gambling free doesn’t really matter as you’ll remain a gambler all your life and you need to learn how to deal with addiction.

Took me 5 years to pay off almost £50k and recover from gambling. It seems a lot when you’re just about to quit, but if you make this decision today, tomorrow you’ll be the happiest person in the whole world ..with a bunch of debt 🙂 But it’s worth it!

Paying off debt

I made a huge mistake which slowed down the process of paying off my debts for nearly 2 years. Hiring Debt Management Company is the last thing I’d recommend you – they obviously want to make money on you, so if you care about your debt you should sort things out yourself and deal with your banks personally – not through third party companies, Forget it!

If you’re looking for debt consolidation loan you can check companies like Go Compare to compare loan rates that suit your financial situation best. But if you can survive without taking a loan, do it! It’s always recommended not to put yourself into bigger debt in the beginning of your recovery, but if you really need a loan to put all your debt together, Go Compare it’s a company I highly recommend.

Leave a Reply