Online Gambling Debts

[redsimon]

I am going to stick my tuppence worth in also.



I made the decision at that point that I  was going to sun up as much credita s possible and screw every financial institution willing to give me credit. daft I know but at the time it sounded like a good idea.

So I proceeded to run up around 19k in debt on cards and HP, and loans bearing in mind I am still a student at this point and was finding it as easy as ever to get credit.
Some of the comapnies are still chasing me for the debts through a number of debt collectors but they ain't getting nothing off me!

These days I take more accountability for anything I do, however I think there has to be a system in place to limit the ammount of credit any one person can obtain, I also think there has to be greater restrictions imposed on irresponsible lenders by the FSA.

So to summarise you decided to max your cards with no intention of repaying? Clever stuff....not.

[thetank]

It's all nonsense, of course. We are all responsible for our own actions. I have gone down plenty of wrong roads in my time, but I've never blamed anyone except myself. It's actually quite character building to face up to one's failings & weaknnesses & then move on, usually sadder, poorer & wiser, but very much better for it.

Many have declared this post from Tikay to be a good one.

While I agree with the overall sentiment, I find myself compelled to make the following point.
The people who have severe mental disorders that, in this easy credit culture, get them in a lot of trouble, need a little more protection.

I know some people with serious mental illnesses who have racked up massive debt. The type of guy who has some condition (which name I can't remember, but will try to find out) where, basically, they can't progress beyond the mental age of 12.

People with severe obsessive compulsive disorder, compulsive addictions and the like.

Most compulsions are flights of fancy that we take. Especially on a forum such as this one, where the vast majority of its members (including myself) have varying degrees of compulsion towards playing poker. We are mostly fortunate that we are strong(ish), with the benefit of such qualities as reality perception, foresight, hindsight, reason and just plain sensibleness.

Not many people here would agree that compulsions, such as drinking and gambling, are beyond control for some people. It's natural to think that, letting go of the world completely and indulging exclusively in one or more vice/s (which bring us pleasure in moderation) is not of their own making.
To the person who works hard for a living, it looks very liberal and lefty to consider such people having "no control."

99% of people who blame the credit companies should just put it down to experience, looking inwards for who is at fault. For the remaining 1% (people for whom finances are the least of their problems) the gigantic financial institutions need to start being a little more responsible.

[Nem]

It's all nonsense, of course. We are all responsible for our own actions. I have gone down plenty of wrong roads in my time, but I've never blamed anyone except myself. It's actually quite character building to face up to one's failings & weaknnesses & then move on, usually sadder, poorer & wiser, but very much better for it.

Many have declared this post from Tikay to be a good one.

While I agree with the overall sentiment, I find myself compelled to make the following point.
The people who have severe mental disorders that, in this easy credit culture, get them in a lot of trouble, need a little more protection.

I know some people with serious mental illnesses who have racked up massive debt. The type of guy who has some condition (which name I can't remember, but will try to find out) where, basically, they can't progress beyond the mental age of 12.

People with severe obsessive compulsive disorder, compulsive addictions and the like.

Most compulsions are flights of fancy that we take. Especially on a forum such as this one, where the vast majority of its members (including myself) have varying degrees of compulsion towards playing poker. We are mostly fortunate that we are strong(ish), with the benefit of such qualities as reality perception, foresight, hindsight, reason and just plain sensibleness.

Not many people here would agree that compulsions, such as drinking and gambling, are beyond control for some people. It's natural to think that, letting go of the world completely and indulging exclusively in one or more vice/s (which bring us pleasure in moderation) is not of their own making.
To the person who works hard for a living, it looks very liberal and lefty to consider such people having "no control."

99% of people who blame the credit companies should just put it down to experience, looking inwards for who is at fault. For the remaining 1% (people for whom finances are the least of their problems) the gigantic financial institutions need to start being a little more responsible.

good post

[TightEnd]

I think both tank and tikay's posts are good


I've known the downside of compulsion but was always fortunate to earn enough money to withstand the effects (at the time )

and blonde takes its responsibilities towards sensible gambling seriously

for those who haven't see it, here's my responsible gambling piece

http://www.blondepoker.com/index.php?q=node/2263

[thetank]

Sorry for the made up statistic in the last paragraph.

85% of statistics are made up on the spot, no excuse though.

[RFC]

Sorry for the made up statistic in the last paragraph.

85% of statistics are made up on the spot, no excuse though.

LOL like your last line there

[Sark79]

Very good comments tank.     

[turny]

I am going to stick my tuppence worth in also.



I made the decision at that point that I  was going to sun up as much credita s possible and screw every financial institution willing to give me credit. daft I know but at the time it sounded like a good idea.

So I proceeded to run up around 19k in debt on cards and HP, and loans bearing in mind I am still a student at this point and was finding it as easy as ever to get credit.
Some of the comapnies are still chasing me for the debts through a number of debt collectors but they ain't getting nothing off me!

These days I take more accountability for anything I do, however I think there has to be a system in place to limit the ammount of credit any one person can obtain, I also think there has to be greater restrictions imposed on irresponsible lenders by the FSA.

So to summarise you decided to max your cards with no intention of repaying? Clever stuff....not.

this post is not called for.

bandit alreadt said and i qoute "daft i know but sounded a good idea at the time"
i think that tells us all that he regrets doing it and has probably had to live with the stress and strains of his actions for a number of years.

he does need people like redsimon patronising him with cheap shot posts.

we were all young once (yes including tikay though doubt plastic was even invented then let alone credit cards ) and we have all made mistakes and silly decisions in our lifes and i admire bandits honest in posting his experience on here.

we should all be able to post honestly without ridicule of others especially when bandit has already  pointed out in the original post the errors of his ways.

[RFC]

I am going to stick my tuppence worth in also.



I made the decision at that point that I  was going to sun up as much credita s possible and screw every financial institution willing to give me credit. daft I know but at the time it sounded like a good idea.

So I proceeded to run up around 19k in debt on cards and HP, and loans bearing in mind I am still a student at this point and was finding it as easy as ever to get credit.
Some of the comapnies are still chasing me for the debts through a number of debt collectors but they ain't getting nothing off me!

These days I take more accountability for anything I do, however I think there has to be a system in place to limit the ammount of credit any one person can obtain, I also think there has to be greater restrictions imposed on irresponsible lenders by the FSA.

So to summarise you decided to max your cards with no intention of repaying? Clever stuff....not.

this post is not called for.

bandit alreadt said and i qoute "daft i know but sounded a good idea at the time"
i think that tells us all that he regrets doing it and has probably had to live with the stress and strains of his actions for a number of years.

he does need people like redsimon patronising him with cheap shot posts.

we were all young once (yes including tikay though doubt plastic was even invented then let alone credit cards ) and we have all made mistakes and silly decisions in our lifes and i admire bandits honest in posting his experience on here.

we should all be able to post honestly without ridicule of others especially when bandit has already  pointed out in the original post the errors of his ways.

wow 

[Royal Flush]

Here is another question. If it is a bit cheeky, then I apologize in advance.   Because poker isn't considered a fixed income.  How do professional players go about getting bank loans, etc?  Will the banks not ask for proof of income when someone is depositing X amount of money each week.

Personally speaking my bank manager offered me a loan even though i never asked for one! Based on the knowledge i play poker, it might have something to do with the fact he runs the office home game......

[ifm]

if the guy was using his parents cards could that not be classed as theft ?
With the parents claiming it all back on insurance ?

There is a clause in the T&T's that basically means you are responsible for your own security, if they feel you were lapse in any way (letting your kids get hold of your card) they can refuse to pay.

[Nem]

if they feel you were lapse in any way (letting your kids get hold of your card) they can refuse to pay.

Not if your kids have stolen the card and you are pressing charges for arrest.

[ifm]

if they feel you were lapse in any way (letting your kids get hold of your card) they can refuse to pay.

Not if your kids have stolen the card and you are pressing charges for arrest.

Nope, if they feel you were lapse in your security they *may* refuse to pay out.

[Nem]

if they feel you were lapse in any way (letting your kids get hold of your card) they can refuse to pay.

Not if your kids have stolen the card and you are pressing charges for arrest.

Nope, if they feel you were lapse in your security they *may* refuse to pay out.

In court they wouldn't have a leg to stand on. My kid stole my credit card and maxed it out, I have pressed charges and started legal proceedings, thats it.

They should have pin numbers on credits cards for online payments, but they dont? I wonder why...

[ifm]

You misunderstand i think, they are not obliged to repay, even the financial ombudsman cannot force them to and they are who they answer to.
If you have been lapse in your security you are responsible (they don't often take this stand though).