Banks Rejecting Loans For Bingo Players


Banks in Ireland are taking a closer look at clients' bank accounts and rejecting loans to those who have too many transactions for online bingo and other gambling expenditures.

Chief executive, Trevor Grant of the debt advisory firm Negotiate had this to say: "When a lender assesses an application for reduced mortgage repayments due to financial difficulty, the customer is required to submit a detailed application, often including current account and credit-card statements.

"Not unreasonably, lenders will form a view that if the customer is struggling to pay their mortgage they should be tightening their belts, and they consider gambling, for example, as a non-essential activity and therefore should be one of the first social indulgences to be cut".

According to Frank Conway of Irish Mortgage Corp. lenders are even questioning mobile phones, school tuition and Sky bills.

It is a cause for controversy considering that bank statements are to prove a source of income not to analyze private transactions.

Bingo Society News General Bingo News

Login to post a comment:


 
 

Click Here to register a new account

What's going on right now!

4mins ago someone from us flag United States read article New Interactive Bingo Products from Ortiz Gaming

Bingo Community

Share this page on:
Follow LBB on:
Follow LBB

Join now for full access to our online casino forum/chat plus receive our newsletter with news & exclusive bonuses every month.

In the last 24h

Totals

  • New Members
    2
  • Members Online
    11
  • Guests
    916


eighteen plus only

Follow LBB on Facebook Follow LBB on Twitter Follow LBB on Pinterest Follow LBB on Google plus

DON'T MISS OUT!

Subscribe to our newsletter and get access to tournament codes, the biggest and best exclusive offers, new brand alerts, rogue reports and more!

Enter your email adress:

T&C's Apply. 18+


You have been successfully subscribed to receive LBB newsletter!