The FCA has suddenly become a player in the fight against credit card debt from gambling in the UK. While it is well-known that the struggle against addiction and gambling-related harm has intensified during the period of COVID-19 lockdowns, so have the solutions. The Current Crisis. At this juncture, there are one out of five problem gamblers among the UK's 800,000 credit card-using gamblers.
The Gambling Commission’s ban on credit card gambling has been welcomed by charities, campaigners and financial services as a positive step towards stopping gamblers playing with money they do not have. But Adam Bradford, co-founder of gambling addiction support group, Safer Online Gambling, warns those with an addiction will search for alternative forms of credit to feed their habit, a risk.
Help With Credit Card Debt. Money worries? We can help. Coronavirus help and support. We're here to help you manage your money - in what ever way we can. Visit our help and support page for more information. We want to help, we’re not here to make it worse. Are you finding it difficult to stay on top of your finances? Has a change left you with less money to pay your bills? You're not alone.
Gambling and Debt. Compulsive gambling often leads to unsupportable debt. Gamblers will stop paying on credit cards, mortgages, auto loans and student loans, trying to compensate for losses. Choose Your Debt Amount. Get debt relief now.
StepChange is the UK's largest provider of genuinely free independent debt advice and managed solutions, helping almost 600,000 people a year resolve problems, repay debts and rebuild lives. The National Debtline offers free independent support for advice on how to deal with your debts, including live online webchat with a National Debtline advisor.
By enrolling in a debt solution, it is likely that your ability to obtain credit will be affected. Debt Assist UK is a trading style of Assist UK Group Limited. Assist UK Group Limited is registered in England and Wales, Company Number 10433541. Registered address: Universal Square, Devonshire Street North, Manchester, M12 6JH. Assist UK Group Limited are regulated by the Financial Conduct.
The gambling block is a feature that allows you to block your MasterCard credit cards card from being used for gambling transactions. To turn on the gambling block you will need the mobile app. To turn on the gambling block you will need the mobile app.
Filing Bankruptcy due to a Gambling Problem. Gambling is a serious addiction that affects many people. Whether you are gambling on the internet or in the casino, this issue can lead to significant financial loss. In fact, many people who gamble on a regular basis eventually accumulate more debt than they can ever afford to pay. In these cases, filing bankruptcy can provide you with the relief.