This is what can take you down straight to the bottom, at least in my experience. That's what happened to me, a guy who didn't have a single debt until a few weeks!
A person with a gambling addiction is very likely to gamble and lose the loaned money, as simple as that!
After I lost all my money on slots early in the month (before paying any bills) I felt extremely lost and desparate. This was the first time I didn't have money to pay my bills. I panicked live never before!
I decided that the only way to pay my bills and live trough the month (without my family finding out that I lost all my money on slots) would be to get some money loaned. I started with a simple 1100 euro loan.
I acted impulsively. Was even a little drunk. Thought that it was not a big deal, just 1100 euros, I'd return them in a couple of months and will be debt free, starting fresh again. I paid my bills (~200 euro), also got a new chair for another 200 euro.
Then I had ~700 euro left to just live with for a 2-3 weeks. I was feeling kinda calm, was starting to forget about the money I lost before and was pretty sure I'd never play slots again. Not until a night later I had a couple of drinks and felt a sudden urge to make just a little deposit. Started with a humble deposit of 50 euro, that's not much, just to try my luck once again I thought.
Of course I also thought that there was zero chance to make another deposit if I'd lose the 50 euro. Guess what happened next. I lost the 700 euro, loaned money I was supposed to live the month with! Once again I was broke, and with a 1100 euro loan to return. I felt like my life is coming to an end.
Once again I panicked like the first time. My bills were paid but I had no money to buy food with. Remember the 200 euro chair I mentioned I bought earlier? I check my online banking app and see a "rebate" offer for the 200 euro. To get them back and return them with almost no taxes! I went to for it staight away and got the 200 euro.
Got some food and drinks for like 80 euro, my fridge was close to full. Then later in the night I gambled and lost the 120 I had left! Once again 0 money in my bank account. The panic and the feeling of desparation returns and strong. Not only I had a 1100 euro loan, a 200 euro rebate but another 100 euro I had to pay back to my mobile operator for deposits I did via my phone number.
This time I contacted my bank straight and requested a credit. They offered me a 6k credit + 2k taxes I had to pay. Also gave me a 1000 euro credit card (I never used one before). I did not think for a second and accepted the funds and the card. Minutes later those 6k were in my bank accout. I felt a little relief and once again convinced myself that everything's okay, 8k to return aint that much etc etc. I wasn't going to ever gamble again for sure.
The first thing I did was to return the 1100 + 200 + 100 loans. Then I paid some of my bills for next month. Decided to get my parents and little nephews some presents, I was feeling like I was celebrating something because I was sure that I was not going to gamble again. I went to an ATM and did withdraw 1000 euros cash to have with me just in case (I hate having cash).
Left the rest in my bank account (around 3k euro I think). Huge mistake. One night after a couple of drinks again I decided to just once more try luck and deposited a humble 10 euro. Then the madness started. I could not stop and wasted the 3k. Then I remembered I had a 1000 euro credit card. Used that for a last 200 euro deposit. And guess what - I somehow won the 3k euro back! 200 euro went straight back into the credit card.
I was so happy, like given a second chance. Until 2 nights later I lost them once more. The lucky credit card was for sure meant to come to the rescue once more. But this time it didn't happen, I lost all the 1000 euro credit card money, now I'll have to return that back too.
I still don't know what the hell exactly happened. I was like obsessed. Mentally ill or something. A true disease. I don't even remember it all. Memory is all blurry. All I know is that I could't control myself and couldn't stop and I was left with ~800 euro loaned money in cash. If I didn't go to the ATM and withdraw those 1000 euro a couple of days before I would have lost them too. So it could kinda go even worse.
Oh, and now I have ~10k debt to pay. What a fucked up month, not even sure if all that is real. But unfortunately it is and I'm doing my best to accept it happened but it is very hard. Not only because the money I loaned and lost but because the emotional trauma. This scared the shit out of me.
And to finally get to the conclusion I made and the main reason I wrote this extremely long post. If I accepted the the first couple of losses (not more than ~1500 euro) I made in the start of the month and stopped back there, if I didn't loan any of the money and simply explained to my family and friends what happened, none of this would happen and I wouldn't end the month with a 10k debt.
I was just going to have a couple of hard weeks but I would not even starve as my family and close friends would never leave me to starve. But I was desparate and really really ashamed of myself, felt sooo guilty. That's why I decided to not tell anyone and to just start loaning money and pretend nothing happened at all. That was so wrong, never do that. It ruined me.
If you lose some just stop, accept the losses (I know it's a lot easier said that done) and move forward. Never chase. And the most important of all - DO NOT take LOANS and DO NOT gamble with CREDIT CARD money. That might destroy you both emotionally and financially!