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Gambling Debts to a bookmaker?

28 Nov 11 19:04

Joined:

Date Joined: 08 Nov 03

| Topic/replies: 12,336 | Blogger: GT's blog

A friend of mine owes a bookmaker a few grand

1) Are these legally recoverable by law now?

&

2) If not, does it mean a bad credit rating?

PS It's not me lol

Thanks in advance

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Report tinca tinca • November 28, 2011 8:10 PM GMT

GT a few years ago gambling debts were not recoverable by law but I am sure they had either changed the law or were planning to do so.
I think it can affect your credit rating as well.

Report jimmy69 • November 28, 2011 9:30 PM GMT

Yes GT..they are recoverable by law now. http://www.legislation.gov.uk/ukpga/2005/19/contents

Report kenilworth • November 28, 2011 9:55 PM GMT

Why would he not want to pay ?

Report GT • November 28, 2011 10:44 PM GMT

cheers tinca and jimmy

thats the thing, ken he does want to pay I think

Report kenilworth • November 28, 2011 10:46 PM GMT

So why the question ?

Report GT • November 28, 2011 11:00 PM GMT

because his bank (fraud dept) made the bookmaker pay the stakes back into his account as they had been taken from the acc a long time after the wagers had been placed

Report kenilworth • November 28, 2011 11:05 PM GMT

ok.

Report make me fly • November 29, 2011 1:56 AM GMT

Old punters story.

A well known punter down on his luck got a visit from the toe-cutters, telling him that if he didnt settle his debts with a few bookies he'd lose a toe for every month he was late.

His reply is legend: he was relieved that he still had 10 months to pay.