Topic: Is it possible to inherit a gambling debt? (Read 1965 times)

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.

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.

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.

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.

There is no theory of fairness here, it is an agreement between the borrower and the lender, and if we have agreed to such terms, it is difficult for us to label this as an injustice because almost both sides are at a voluntary level, although this family may be dragged into these contracts, papers and documents are the clearest evidence, agreeing that there will be a level of sympathy for the family. However, corporations and lending systems also have employees and their families, and cannot afford to lose money in such a way, it will certainly be the original price and a little interest but looking at the situation, they will adjust so that both sides are in harmony

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.



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.

I have never heard that banks don't take loans from the family members of a person if they pass away because when you are filling a loan for anything in a bank, you are asked for all this information and they don't do it uselessly but they do it only for such purposes so that they can contact those people on behalf of the person writing the application or taking a loan just in case they disappear or don't pay the loan or even if they pass away.

A good idea for people taking gambling loans or any sort of loans would be to have life insurance so that when they pass away, their family get some money that they can use to repay the loans they have taken when they were alive. This way, their family members wouldn't have any burden when they leave this world.

If they trying to get loans to keeps playing gambling, that will not be a good idea for them because they must realizes that no matters how much money they use to gambling, they will still difficult to win in gambling. They should not inherit their gambling debt to their families because their family doesn't knows anything about their gambling activity. That will gives a problem to their families because their families must repay the debts.

That's why when we wants to playing gambling, we must have allocation for the funds so we don't use the money for other needs. We will not trying to breaks the limitation because that can cause us in trouble which we can't fills our daily needs. We always remember that gambling is just a fun thing and we don't have to use much money or even take a loan from other people.

Tell me the person is dead and the person is dead if there is money in the person's account that is only reason where we can be talking about taking money out from his account to settle the debt but the children inheriting the depth is not making any sense to me because I don't see someone inheriting depth than does not mean much in the family just a gambling depth I don't think it will be possible and well I don't know much about this and believe more to reply has already been done on it so whatever it happens to be that is it I just give my little opinion to me if I am to be in a position of asking this question to people or judging or if I'm in position to be a judge on this, I will not let anyone inherit any debt that involve anything gambling because it's not a reasonable debt how would someone go and borrow money to gamble it is really bad

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.

Don't you think that's not fair ? What happens in case a gambler takes a loan and loses it and then dies ?
Why is his family obliged to pay the debt ? I know that if he would have won then he would have spent some portion of the money on his family but that doesn't mean he took their permission to take the risk to gamble.
Also, there might be a chance that the person who gave t him loan would have cheated the gambler's family and made them pay more than what was asked.

Taking loan or borrowing money just to use for gambling is like a trap or you are digging your grave more deeper, I witnessed many friends and colleagues that does borrow money and also those who discover loan apps and because they saw it convenient they keep on borrowing because they hope that they hit big win then they can pay off all their debt but its like a double edge sword, you can win or hit a jackpot in gambling truly, but again you should also consider the risk and consequences, the more you lose the more you suffer, and what more you are loaning and borrowing money? Then imagine the chaos that might happen to your life, so gamblers should be contented on what money they have to use for gambling, if they lose it all atleast it will only affect them and they can still fix it. So gamble responsibly, think before you decide and think twice before you commit to an action.

That's the problem and that is the reason why a gambler should never borrow money from anyone to gamble with it because they will never be able to return the money because as you said, even if they manage to get some money from somewhere, they will think of gambling with it again so that they can win more money with it and have something left for them after they repay the loan but what happens is that they lose the money again and then again have nothing to repay the loan.

I have also seen gamblers taking loans on top of current loans, which means that they take a bigger loan from somewhere else to repay a pending loan and have some money left that they can use for gambling hoping for a win and repaying the loan but that barely happens and they eventually lose it all and then have more burden.

The worst thing that a father we do is living a dept inheritance for his families is very bad to witness such a bad habit from your dad more especially when you are the next of king because you will feel very bad you we not be happy actor, however that's why is always good as a next of king when ever you notice that your dad is getting addicted into gambling to the extent of borrowing money to play gambling you are meant to tackle him very well because once you didn't do that when he's not alive you are the one that is going to bear the consequences.

Friend or any non blood relative then there's no way that they could be tied up to paid up someones loan or your friends loan. So its impossible, not unless if you are that part of the family
and there were some agreements in between lendor and the borrower then there would really be some responsibilities that needs to be settled or to be paid up. Of course this would really be that situational because we dont know on what are their payment agreements on the time that the gambler is still living. It do really indeed sucks that you would really be needing on paying up something which you havent
been able to make use in the right way or something worth but rather those amounts had been completely being used purely in gambling.

So as for those loved ones who are left behind then it would be just that a pain on paying up those loans if ever they would really be needing to pay up those loans
but most of the time it would really be that quits or waivered or something like this.

I don't think it's possible for a friend to inherit his/her friends dept, as long as the friend is not a family member to the dept or I don't think it would be possible for a friend to inherit a friends dept. I can say that families are the ones who is suppose to inherit the dept of their member, it's unless the a close friend to the family would like to assist them to pay but it's not a must for a friend to inherit any dept from his or her friend.
The essence of bringing a guarantor to collect a loan is for the sake that the loner ran away or something bad happened, then the guarantor who sighed the agreement for the loan will repay the loan.
However I have seen a case were the children are paying the loan that the father collected but the late father to the children didn't collect the loan to gamble.

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.

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.

In most cultures, the debt is to be paid by the person who took it and in case he dies, it becomes an obligation on this inherits to pay the debt. This is true in our culture and also in our religion. Some other cultures may have different norms. However, if the person who gave the loan is generous enough to forgive it, then there is no better thing than this. If the deceased family is poor, it is better to help the family by forgiving the loan.

It's not like that guys, at least not in first world countries. You can either accept the inheritance or not. If the debt is higher than inherited assets, you refuse to accept any of it and get nothing, but don't have to repay any debts. Should you accept the inheritance, you also accept the debt and have to pay it, sooner the better because it's going to keep rising as debtors can add interest.
It doesn't matter if you have the money. If you make the mistake of accepting inheritance with large debt, you have to pay it back even if you're a teenager and have no money.

Talking ethically then it should really be paid but what if that deceased borrower having that a family which is really that struggling on day to day living. Then what would  you do?
Also, inheriting gambling wont really be something could be applied not unless if there would really be that some stated agreement in regarding about that having that kind of condition on which your
dependants or to those someone whom you do connected into or simply with your family would really be having that kind of miserable paying up those pending loans or debts.

If ever that there would really be some sort on waivering it out since there are no mentions about paying it up, then to those indviduals or people will really be that rejecting such paying up those debts.
Unless if they would be able to present up some solid agreement and signed up then it would really be that something strong evidence or proof that you would really be needing up to pay.
Gambling isnt that bad but at the moment that you are digging with your own grave.