WE ARE HERE

One thing there is absolutely no shortage of on the internet is opportunities to gamble. We are spoilt for choice, whether your fancy is for betting on sports, playing virtual cards or bingo. One of the things that makes internet gambling so potentially dangerous is that it’s easily available for 24 hours a day.

The real danger comes once you combine this factor with the truth that it is so easy to feel detached from the reality of money spent online. Gradually accumulating a debt online does not feel the same as handing over hard earned cash from our wallet, so it’s that much easier to lose track of how your online spending is mounting up.

For these reasons, debt problems from internet gambling are on the increase. In this posting I hope to clarify a number of the legal issues around online gambling, together with providing some advice on dealing with the underlying problem and the debts that derive from it.

LEGALITIES Around Gambling Debts

When we discuss debt from online gambling it is important to be clear concerning the nature of the debt, because who the money is owed to does make a difference. People are often unsure about the legality of debts from online gambling. In the united kingdom it is possible to gamble legally on credit and incur a debt, but this debt isn’t then enforceable through the law.

However, there is an important point to make here, that is that this only applies when you are using credit extended by the business offering the gambling (casino, bookie, etc). If you are using a credit card company to cover internet gambling, that is a legally enforceable debt exactly like it would be in any other circumstance, because you have borrowed money from the credit card company, not the casino. It is now against the law in the US to use a charge card to cover online gambling.

You will find that lots of credit cards will regard a payment to an internet gambling website as a cash advance. This is then clearly borrowing money from the card company and the debt you incur could be pursued through legal action. Should you choose use a credit card to cover online gambling this way, you should be aware that cash advances on bank cards are almost always charged at a higher interest than normal credit for purchases.

HOW TO APPROACH Debts Caused By Gambling

In working with gambling debts, you can find two separate issues to tackle. One is the debt itself, and another may be the habit of gambling that led to the debt. Even if the debt is dealt with, it is likely to develop again if the root cause is not tackled too. Why 스포츠중계 ‘t we first consider the problem of paying off the debt.

The principles for tackling debt are often the same, irrespective of the sources of the debt. To permanently cope with debt you should not be considering borrowing more money or paying anyone to cope with your debt for you. These courses of action are likely to deepen your debt in the end.

With a little advice, it is possible to deal with your debts yourself, by contacting your creditors and agreeing terms for repayment that one could afford. There is clearly more to it than that, but it is beyond the scope of this particular article. The process is straightforward and allows you to get back control of your finances.