Category: Gambling Debts Scotland

Coronavirus Online Gambling Debt Warning

Posted on by Craig Stocks
When the fun stops. Stop. Well done you. You’ve stuck to the rules of self-isolation, leaving the house only for permitted reasons. You have cleaned the house from top-to-bottom, called your friend that you’ve been meaning to call for ages and you’ve watched your favourite boxsets from season 1 to season 8 all week long. You’ve been keen to avoid retail therapy since most shops are delivering essential goods only but boredom may be starting to creep in, it’s only natural. Now you’ve received an email, or seen an ad online offering you a welcome bonus for an online casino. Free spins on the roulette. Virtual horse racing with £100 free bets. Where’s the harm in signing up and killing some time while you wait for the latest episode of EastEnders or Coronation Street to start! If you’re used to a flutter in sports betting shops, or online – chances are you are familiar with the ‘When the fun stops. stop’ slogan created as part of the campaign created by the Senet Group, to promote responsible gambling standards. The key messages of the When The Fun Stops campaign. Set your limits at the start Only bet what you can afford Never chase your losses Don’t bet if you’re getting angry Never put betting before your mates

Gambling Debt Warning

Could you end up with Gambling Debts? Gamblers could struggle during the Coronavirus crisis as isolation leads them into addiction and debt, The NHS Northern Gambling Service has reported. Matthew Gaskell is a Consultant Psychologist and Clinical Lead for addiction services with the Leeds & York Partnership Foundation Trust and speaking to the BBC on the potential dangers of an increase in online gambling debts and addiction during the Covid-19 crisis, he advised: “There are a range of risk factors in place at the moment: social isolation, boredom, stress, financial and job insecurity and the opportunity to gamble online. “While a lot of sports betting has stopped, we are expecting a rise in referrals further down the line. It takes time for gambling harm to spread across someone’s life and for them to realise they have a problem. “We are concerned that the next wave of gambling addiction will happen under these circumstances and that customers are not being adequately protected.” The Guardian further reported that online gambling websites had seen increased online casino activity during the Coronavirus lockdown. Trust Deed Scotland® recently wrote about Coronavirus Debt And Mental Wellbeing and gave some advice for many of the people respecting the rules of social distancing and self-isolation. While mental health issues and debt have strong ties with one another, the same is, unfortunately, true for gambling addictions and debt. Trust Deed Scotland® recommends reading our guide to find alternative ways to keep your mind and body activity during lockdown conditions created as a result of the response to the Covid-19 pandemic.

Online Shopping Debt Warning

As well as depression, anxiety and boredom leading to gambling debts and addiction, there is a further danger than Coronavirus lockdown boredom could lead to an increase in compulsive non-essential online shopping. Under normal circumstances, researchers have said that compulsive online shopping itself should be treated as an addiction and mental health disorder The further fear during the Coronavirus outbreak is that credit card debt and buy now pay later schemes may lead to further problems down the line, long after the eventual lifting of the Coronavirus restrictions. Home shopping catalogues too may seem more appealing as we look for ways to cheer ourselves up and pass some time while we stay at home with fewer options to keep ourselves occupied.

Gambling Debt Advice In Scotland

If you feat that you have a gambling addiction that has caused debts due to gambling, the first, and most obvious step is to completely stop your gambling. GamCare – GamCare offers support and information for partners, friends and family of people who gamble compulsively. Gamblers Anonymous Scotland – Local support groups for anyone in Scotland affected by their own, or someone else’s gambling problem – find your nearest group there. If you’re struggling with unaffordable debts you may be finding it difficult to cope already and with the current conditions, this may be causing you to worry further about how you will afford to repay your unsecured debt. Don’t worry, every year we help thousands of Scottish residents enjoy a debt free future. To get started, call us on 0141 221 0999 or try our online Trust Deed Wizard tool.  

Gambling Debts In Scotland

Posted on by Craig Stocks

Gambling Debts In Scotland – Credit Cards Ban

When the fun stops. Stop. But what happens when you just can’t stop? For many people in Scotland, the lure of gamble now, pay later has left many of them with an unfortunately high amount of gambling debts acquired by use of credit card facilities. Trust Deed Scotland welcomes the latest initiative from the Gambling Commission aimed at curbing gambling debts in Scotland. As reported by the BBC, credit cards are to be banned as a payment method for online gambling and bookies shops. Amanda Hendry of Trust Deed Scotland, the leading provider of qualified debt advice in Scotland said “We see this new measure as a welcome addition in the fight to reducing gambling debts in Scotland. Over the last decade, we’ve spoken to thousands of people who have developed significant personal debt issues due to their excessive gambling problems further developing credit card debts. However, while this is of course a welcome initiative, we feel there could be more done to help educate the public on the dangers of developing gambling debts and furthermore supporting gambling addictions in their infancy before they eventually develop into a gambling debt.” The BBC reports that a total number of twenty-four million adults in in the UK gamble, with a figure of 10.5m doing so online. 22% of online gamblers using credit cards to fund their flutters are classed as problem gamblers. A string of online gambling retailers such as Paddy Power (Betfair), Bet365 and 888 Holdings have swollen an industry typically dominated by the traditional high street bookmakers such as Ladbrokes Coral, William Hill and Betfred. Speaking to the BBC, Neil McArthur commented “credit card gambling can lead to significant financial harm. The ban that we have announced today should minimise the risks of harm to consumers from gambling with money they do not have” Information gained from the Gambling Commission highlighted that several individuals in Scotland responded to their survey and were subsequently identified as having a gambling problem. The Gambling Commission found that there was a wider pool of respondents with a determined low risk of developing gambling debts in Scotland. Fortunately, due to the support from the Gambling Commission, there was a recorded decline in the number of individuals in the same survey from the previous year, with this latest initiative; this can only help to reduce that figure further.

Gambling Debts In Scotland – Get Help Now

The first, most obvious step is to completely stop your gambling. GamCare – Gamcare offers support and information for partners, friends and family of people who gamble compulsively. Gamblers Anonymous Scotland – Local support groups for anyone in Scotland affected by their own, or someone else’s gambling problem – find your nearest group there. No debt solution is offered with an allowance for continued gambling. If you are continuing to gamble, you’ll struggle to keep up with your agreed payment towards your debt solution. You will likely struggle to pay important priority debts, and your creditors are unlikely to accept gambling as a valid outgoing. A failed debt solution is a bad outcome for everyone, not only for you; your creditor too. Getting Debt Advice On Your Gambling Debts In Scotland Even if you have gambled recently, get debt advice now. Trust Deed Scotland have helped many people with gambling debts. You won’t be judged by our qualified advisors and any conversation you have is confidential. Fortunately, unlike a roulette wheel or puggy machine, our Trust Deed Debt Calculator helps you to find out if you qualify based on factual information and isn’t determined by the luck of the draw. Call us today on 0141 221 0999 or try our calculator as your first step to a brighter future.