Gambling online whilst bankrupt?

luvchocolate

This is not the way to go, I suggest we leave this thread as the op will do as they please and not really looking for advice..sad really

alltaken

WannaBLoaded wrote: »

They won't.

It is very rare for a company to go for a CCJ when owed so little.

Put it this way i owed a bank 5k and never paid them a penny, personal loan. I got a default but it eventually fell off my file so i now legally owe them nothing.

Not that i go around ripping companies off on purpose that is, it just sort of happened.

I used to think like this before bankruptcy. Unfortunately it only made my situation worse, quite frankly I was kidding myself that I could get by on 'sheer luck', my creditors would surely not pursue CCJ's.

I'm not going to judge anyone that hides from a creditor but I would always say that there is no strategy, no path of avoidance, no guaranteed amounts that a creditor will not pursue.

Back to the thread at hand, I truly hope you get the help you clearly need with your gambling issue OP.
If you are having to go down any insolvency route then your past strategies have failed, continuing a strategy that could have legal ramifications during insolvency is never sound, no matter how many different ways/times you ask the question, I think you know this already but need justification to reinforce your gambling addiction.

Would insolvency cause such an issue that you wouldn't be able to live as per your Statement of affairs? and would need to 'top up' via hidden gambling activity?

Have you tried to gamble your way out of this situation before but have perhaps convinced yourself that it didn't work out that time but now you have a proven method?

In a non-judgmental way I would suggest you need help with an addiction to gambling.

WannaBLoaded

alltaken wrote: »

I used to think like this before bankruptcy. Unfortunately it only made my situation worse, quite frankly I was kidding myself that I could get by on 'sheer luck', my creditors would surely not pursue CCJ's.

I'm not going to judge anyone that hides from a creditor but I would always say that there is no strategy, no path of avoidance, no guaranteed amounts that a creditor will not pursue.

My experience tells me differently. I have never had a ccj, loads of defaults though. My strategy was the complete opposite of 'ignoring it makes it worse' because i've always found that ignoring it makes it go away - completely As i say, these defaults were not intentional and i am currently rebuilding my file but as i have best part of 20k lying around i don't have to fear bankruptcy, not that they could make me bankrupt, the limit is now 5k which is a good deal better than the nonsensical 750 which i think it was.

The 2 year default i have is with a cc company and i have funnily just started getting letters from a company that they sold it on to. It took them 4 years before they realised they were never going to get any money and sold it on. Now the two letters i have just had are laughable, they are almost begging letters ' please pay us, we can help you blah'.

I know one guy (not me!) whose whole life has been get credit, default, the occasional ccj but never been made bankrupt by anyone or ever let a bailiff in his house. He merely ignored it all and waited it out until his credit file got better.

It has just got better again now, last month, and i am having a bet with myself how long it is until he takes on too much debt and starts the 6 years over again :rotfl:

Cobalt77

This place is turning into an online version of the Jeremy Kyle show

alltaken

Cobalt77 wrote: »

This place is turning into an online version of the Jeremy Kyle show

Do you have all of your teeth? :rotfl:

alltaken

WannaBLoaded wrote: »

My experience tells me differently. I have never had a ccj, loads of defaults though. My strategy was the complete opposite of 'ignoring it makes it worse' because i've always found that ignoring it makes it go away - completely As i say, these defaults were not intentional and i am currently rebuilding my file but as i have best part of 20k lying around i don't have to fear bankruptcy, not that they could make me bankrupt, the limit is now 5k which is a good deal better than the nonsensical 750 which i think it was.

The 2 year default i have is with a cc company and i have funnily just started getting letters from a company that they sold it on to. It took them 4 years before they realised they were never going to get any money and sold it on. Now the two letters i have just had are laughable, they are almost begging letters ' please pay us, we can help you blah'.

I know one guy (not me!) whose whole life has been get credit, default, the occasional ccj but never been made bankrupt by anyone or ever let a bailiff in his house. He merely ignored it all and waited it out until his credit file got better.

It has just got better again now, last month, and i am having a bet with myself how long it is until he takes on too much debt and starts the 6 years over again :rotfl:

Whatever works. If you have found that to be your solution and it's something you are seeing through, all the best with it.

Do you think it carries any risk? I ask because some people get CCJ's for £300 balances, how would you be able to know for certain a creditor won't go down the CCJ route?

WannaBLoaded

alltaken wrote: »

Whatever works. If you have found that to be your solution and it's something you are seeing through, all the best with it.

Do you think it carries any risk? I ask because some people get CCJ's for £300 balances, how would you be able to know for certain a creditor won't go down the CCJ route?

In my experience it is more likely i will get threats of a CCJ, but no follow up and then letters saying 'we have decided to offer you a marvelous deal, 70% off your debt if you pay in full'.

I don't know how much it costs them to issue a ccj but it must be something relatively large to them or they would go around handing them out willy nilly like sweets and there is the trouble then of you turning up to defend in court which would cost them money in representation.

If i got a ccj from this debt with two years to go that has been sold on to a third party i would probably go to court rather than pay it.

But even if you get a ccj issued, which i think is rare, you have a month to pay it in full and avoid it.

Either way, no risk to me because i got enough money in the bank

alltaken

WannaBLoaded wrote: »

In my experience it is more likely i will get threats of a CCJ, but no follow up and then letters saying 'we have decided to offer you a marvelous deal, 70% off your debt if you pay in full'.

I don't know how much it costs them to issue a ccj but it must be something relatively large to them or they would go around handing them out willy nilly like sweets and there is the trouble then of you turning up to defend in court which would cost them money in representation.

If i got a ccj from this debt with two years to go that has been sold on to a third party i would probably go to court rather than pay it.

But even if you get a ccj issued, which i think is rare, you have a month to pay it in full and avoid it.

Either way, no risk to me because i got enough money in the bank

May I ask why you haven't paid if you have the money?

WannaBLoaded

alltaken wrote: »

May I ask why you haven't paid if you have the money?

Well, the debt was originally from the days when i was in a low paid job and had money troubles. I then went self employed and started making a fair good wage and accumulated enough, roughly, for 25% / 30% deposit on a house as i am desperate to get on the property ladder before i am 30 whether it kills me, but have bad credit so will have to get a higher interest mortgage.

I could pay the money back, but it would eat into my mortgage plans.

And i don't really have much sympathy for loans companies.

leveller2911

WannaBLoaded wrote: »

Well, the debt was originally from the days when i was in a low paid job and had money troubles. I then went self employed and started making a fair good wage and accumulated enough, roughly, for 25% / 30% deposit on a house as i am desperate to get on the property ladder before i am 30 whether it kills me, but have bad credit so will have to get a higher interest mortgage.

I could pay the money back, but it would eat into my mortgage plans.

And i don't really have much sympathy for loans companies.

Ironic when you consider that Banks/Building Societies are also "Loan Companies".

You will be looking at getting a mortgage soon, admit you will be paying a higher rate of interest so it would be interesting to know how much extra interest you will be paying for a mortgage with bad credit history compared to the rates you would have got with a clean credit history.

Also worth mentioning the consensus is the Bank of England base rates may be on the rise around the 1st quarter of 2016 which will make rates even higher in which case you will be paying even more interest.

Looking back it may well have been better to have just been honest and paid off your debts.