Credit Cards Continue To Fund Gamblers
Wednesday 8th August 2007
Figures released this week show that increasing numbers of gamblers are racking up debts in the form of credit cards, personal loans and overdrafts to fund their habit.
Moneyexpert.com who published the figures found that of the gamblers they questioned 13% admitted they were borrowing in order to bet whilst a further 8% were using their life savings in order to keep themselves in the game.
YouGov who carried out the survey also found that most gamblers were now getting into debt through online sites rather than their traditional shop counterparts suggesting perhaps that the internet is making it easier for gamblers to throw away ‘virtual’ funds.
The survey was conducted with 2,000 adults and Moneyexpert.com have suggested that then there are around one million people who are regularly betting between £50 and £150 a month.
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