The Gambling Commission is currently considering whether to ban the use of credit cards for gambling, or to introduce controls and limits on the use of credit cards for gambling. Find out more, and how to respond to their consultation, at our website:
The question is why was it ever allowed?....not that they are considering it now.
It actually beggars belief...the whole thing beggars belief.
To allow borrowed money (or even non borrowed) to be used in the most irresponsible way is an act of gross negligence. Gross negligence of the highest order. I dont believe there should be a legal claim for repayment...credit to gamble!!
Debit cards and all cards should be under scrutiny. Paypal should not be allowing it and all financial institutions that want a decent reputation
I would call it criminal negligence! Then again the whole system has been designed to keep the poor, poor and the needy needing more. If you analyse the whole borrowing system its on their terms. I noted that the sort of business like cash secured loans and lower value loans at decent rates are harder to find.
That decision will be too late for many which is truly shameful. It will certainly help in future but its so obvious that it should have been in place since the birth of credit cards and loans.
I will tell it as it is. I long for the day when people accross all aspects of the gambling industry are facing charges for the ruin they have caused. Essentially I want my money back over all those years but its not going to happen is it?
The biggest organised, legal, deregulated scam going and thats being polite
Yes I was having a wine fueled rant based on the pain and misery it causes.
Obviously gambling is currently a legal activity. I'm not suggesting that anybody is commiting a criminal offence as it stands. Just to make that clear although I do personally think gambling should be banned. I would make it illegal....at the very least certain forms of gambling. How its all so deregulated and legal is beyond me.
I do stand at gross negligence though. Financial institutions and the government should have a duty of care to protect people. In my opinion they are failing to do that for obvious reasons.
When did the gambling commission start considering this, I remember this being brought up months ago. When will they make up their minds & come to a decision. This month, next month, this year or next year. It was MY decision to use credit cards to finance my gambling and i and i alone made that decision. But surely if someone makes a decision to prevent weak addicted people from doing that it would surely reduce the pressures of the various addiction agencies in dealing with so much havoc, misery & tragedy in not just the lives of CGs but their loved ones.
as others have said previously its too little to late for many of us
i spent 6 thousand gambling on credit cards in 2 years at 20 years old .......if i hadn't gone into an Iva at 21 i would be in 60 thousand worth of debt now
i have always said operators and land based casinos haven't done enough to protect vaunrable punters its all very well half hardheartedly handing out a couple of posters and leaflets but online operators offer absolutley nothing
i do belive in years to come the gambling industry may get hung out to dry much like the banks did in the PPI years but it certainly wont happen under a tory goverment
if it ever does happen i will be first in line for my refund i can promise you that much
When I first started gambling it was all on credit cards. Once that dried up it became payday loans. But it was the ease of the credit card deposit that destroyed me.
As per usual, it's only by the time that the damage has been done that the government think of even acknowledging there's a problem.
So so true and it's bloody disgusting.
I blew my inheritance a few years ago which was nothing more than grief gambling as I couldn't cope with the bereavement. I knew it would likely happen so I even went to the bank to try and withdraw as much of it as possible in cash as it would have been safer to store at home than in the bank where it could be gambled online (they let me have sod all out).
If the likes of Gamstop existed, I'd have been enrolled and had no way to gamble it online. As it didn't, I blew pretty much all of it gambling online. It's a figure I will never see or have in my life again. The damage has already been done.