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Is gambling debt enforcable?
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joshclem
Posts: 63 Forumite
Hi Guys
I wanted to ask this on Gamblers Anonymous but you register for the website it says please confirm by clicking on the link in the email sent to you - well the email never came so great!
When I was 18 a gambling company offered me a £5000 credit limit.
I am now £5000 in debt.
Is this debt enforcable?
I need someone who really knows because i googled this issue and found 5 websites saying it is and 5 websites saying it isnt.
Thanks
I wanted to ask this on Gamblers Anonymous but you register for the website it says please confirm by clicking on the link in the email sent to you - well the email never came so great!
When I was 18 a gambling company offered me a £5000 credit limit.
I am now £5000 in debt.
Is this debt enforcable?
I need someone who really knows because i googled this issue and found 5 websites saying it is and 5 websites saying it isnt.
Thanks
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Comments
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hmmm...more information required. No gambling company in the UK offers credit as they know that a debt cannot be enforced. Which company did you sign a credit agreement with?:footie:
Regular savers earn 6% interest (HSBC, First Direct, M&S) Loans cost 2.9% per year (Nationwide) = FREE money. 0 -
From looking into it it seems to me they are enforcable as long as the company is based in the uk.0
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Are you sure it wasn't a spread betting stop loss agreement?0
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hmmm...more information required. No gambling company in the UK offers credit as they know that a debt cannot be enforced. Which company did you sign a credit agreement with?
You are incorrect, many UK operations offer credit accounts.
Gambling debts are enforcable so long as the creditor is operating lawfully.
The Gambling Act 2005 came into force on 1 September 2007. Section 335 of this Act provides that the fact that a contract relates to gambling shall not prevent its enforcement. This is without prejudice to any rule of law preventing the enforcement of a contract on the grounds of unlawfulness (other than a rule relating specifically to gambling). In other words, a gambling debt can be legally enforced, as long as it relates to gambling that is lawful. Gambling is lawful in the United Kingdom if it is permitted under the Gambling Act 2005 or the National Lottery etc. Act 1993, or is pursuant to the Financial Services and Markets Act 2000. So you can allow deductions for gambling debts if they can be legally enforced. This will include, for example, debts that arose from betting and gambling at licensed casinos and betting shops. You should not allow debts that relate to gambling that is not legal under the relevant legislation.
Before 1 September 2007 all gambling debts in England, Wales and Scotland were unenforceable. So, gambling debts of any kind that were incurred before this date are not valid deductions.0 -
You are incorrect, many UK operations offer credit accounts.
Gambling debts are enforcable so long as the creditor is operating lawfully.
The Gambling Act 2005 came into force on 1 September 2007. Section 335 of this Act provides that the fact that a contract relates to gambling shall not prevent its enforcement. This is without prejudice to any rule of law preventing the enforcement of a contract on the grounds of unlawfulness (other than a rule relating specifically to gambling). In other words, a gambling debt can be legally enforced, as long as it relates to gambling that is lawful. Gambling is lawful in the United Kingdom if it is permitted under the Gambling Act 2005 or the National Lottery etc. Act 1993, or is pursuant to the Financial Services and Markets Act 2000. So you can allow deductions for gambling debts if they can be legally enforced. This will include, for example, debts that arose from betting and gambling at licensed casinos and betting shops. You should not allow debts that relate to gambling that is not legal under the relevant legislation.
Before 1 September 2007 all gambling debts in England, Wales and Scotland were unenforceable. So, gambling debts of any kind that were incurred before this date are not valid deductions.
Hi Russel
I also owe a company in Dublin £2000
It looks like that is not enforcable unles they are in the UK?0 -
Debts from Ireland are the worst, especially Dublin, £2000 will become £4000, then £8000... as it keeps dublin and dublin and dublin.
Only Joking.
Northern Ireland
In Northern Ireland gaming and wagering contracts are void under Article 170 of the Betting, Gaming, Lotteries and Amusements (NI) Order 1985, so they are not legally enforceable and are not valid deductions.
Don't know about Ireland, but the UK is only if its covered by one of the following is it enforcable: Gambling Act 2005 or the National Lottery etc. Act 1993, or is pursuant to the Financial Services and Markets Act 2000.
Out side these in the UK I don't have a clue.0 -
Hi Russel
I have been looking into this for 3 hours and now have a headache and struggling to form basic sentences.
but basically it seems that i owe any companies in the uk and any companies outside the uk i do not need to pay?
Are you under the same impression0 -
Why do you feel you shouldn't pay the debts you owe?0
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