More Debt

[gfromls]

http://www.thisismoney.co.uk/credit-and-lo...p;in_page_id=62

A BANK worker who ran up debts of £100,000 lay down in front of a freight train and killed himself.

[billy-g]

In fairness to the Bank, I think his horrendous gambling addiction might have something to do with him taking the final solution.

Gamblers will do anything to get money; you could even feel sorry for the Bank (boo, hiss) as they were WELL touched up on this occasion.

[OzzMosiz]

Internet gambling on credit cards is likely to be stamped out soon!

[SarahBell]

Internet gambling on credit cards is likely to be stamped out soon!

Cap One cc are happy for you to... they're just going to charge you at cash withdrawal rates for it.

[OzzMosiz]

Cap One cc are happy for you to... they're just going to charge you at cash withdrawal rates for it.

This isn't to do with CC companies. It is going to be outlawed, I read it somewhere.

I think all CC will currently allow it.

[Bingley Bloke]

If I can be debt-free on £17K per year then there's no excuse for anyone to be running up £100K of debt to 'stay afloat'. It's time people learned that if you can't afford it, you can't have it. I figured it out before spending more than I could afford. Am I one of a dying breed with that not so common commodity called 'common sense'?

[right_freds_dead]

If I can be debt-free on £17K per year then there's no excuse for anyone to be running up £100K of debt to 'stay afloat'.

if you tell the 'borrowers' that you earn 17k they will think your dirt poor and lacking in laminate.

-so best to lend your way to success. drop that leeds yorkshire ripper picture encrusted ghetto blaster and think again daddio.

[Jason]

In fairness to the Bank, I think his horrendous gambling addiction might have something to do with him taking the final solution.

Gamblers will do anything to get money; you could even feel sorry for the Bank (boo, hiss) as they were WELL touched up on this occasion.

But the debt wasn't acrrued because of gambling, it was to 'keep afloat'.

Secondly, doesn't anyone working in a financial role have to be solvent? I.e. they would lose their job if made bankrupt.

Thirdly, with regard to paying for gambling on credit cards, I didn't think gambling debt was enforcable by law. Although is paying with a credit card to gamble, gambling debt? I dunno. I do use Ladbrokes (well did) and use national lottery online, and they both only take debt cards.

[Guest Charlie The Tramp]

An Internet gambling addict used his parents' credit cards to lose £158,000 in 50 minutes, a court heard yesterday.

Richard Mahan, 25, took 13 cards to their limits as he ran up the debt. He managed to win £ 90,000 quickly after logging on to the Internet.

Gambler's £158,000 loss on parents' cards

[binkybonka]

An awful story. They always are.

Unfortunately, this is not as a result of the current financial climate. It has always happened.

http://archive.scotsman.com/search.cfm?key...eriod=1817-1950

[marko]

But the debt wasn't acrrued because of gambling, it was to 'keep afloat'.

'keep afloat'!?! What in, a f**king 80 foot gold-plated yacht with diamonds on the hull instead of barnacles in the middle of a lake of champagne!? How the hell do these people rack up these kind of debts!?