How to deal with debts the Right Way?

Debts? Why we get debts?

1. Gambling.
The most common cause of debts and I will also include investment and failed business venture in this area. Gambling is suppose to be a game of chance just like playing monopoly. Against all odds and not accepting loss or concede defeat is what create a compulsive and hardcore gamblers. This is the usual cause for compound of debts until the gamblers quit totally for gain a fantastic luck.

2. Addiction
This is indifferent to gambling but it cover other areas where the addict did not balance spending with their income. Shopperholics are 1 good example. They will spend and spend every cent to buy what they don't need but appeal to them. This is worse when they develop a carving for designers' product when they are earning peanuts.

3. Burden.
This is the most unfortunate. When a person with a bad or poor family background may have a lot of dependents to look after. this can build up with sickness and demand heavy medical fee. Social service and assistance may not be adequate to help and the system may be abused.