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Started By
Message
$20,0000 Gambling Debt on Credit Card
Posted on 6/13/23 at 9:30 am
Posted on 6/13/23 at 9:30 am
Was in debt 45k in November 2021 all on credit cards via gambling debt (online poker) but have knocked down the debt to 20k. I was able to take out a 24k loan through CITI in March to consolidate all my credit cards into one big loan at 8.9% interest. Is this the best interest rate yall think I can get? My credit ranges from 795-810.
This post was edited on 6/13/23 at 9:34 am
11
Posted on 6/13/23 at 9:36 am to BallSoHard
That sounds like a decent consolidation rate. Of course it won’t really matter unless you find a way to quit gambling.
This post was edited on 6/13/23 at 8:19 pm
Posted on 6/13/23 at 9:36 am to BallSoHard
quote:That's actually pretty impressive for someone with that bad of a gambling addiction.
My credit ranges from 795-810.
You aren't still playing, are you?
Posted on 6/13/23 at 9:41 am to BallSoHard
You could probably find some credit cards that are offering 0% interest on transfers for an introductory period of time (usually 12 months).
Posted on 6/13/23 at 9:47 am to NaturalBeam
Done with online poker. Been done for 2 years. Was losing 5k some nights
Posted on 6/13/23 at 9:48 am to AUHighPlainsDrifter
Yep, I plan on doing that once i get knocked down to 10k. Most I can get like that is 9800
Posted on 6/13/23 at 9:50 am to BallSoHard
I did something similar but buying dope instead of gambling..... cleaning up that mess for the years after made me sick to my stomach..... made me want to get loaded
Posted on 6/13/23 at 10:28 am to BallSoHard
quote:
Done with online poker. Been done for 2 years. Was losing 5k some nights
Sounds like your name should be BalledTooHard.
Posted on 6/13/23 at 10:42 am to BallSoHard
quote:
Yep, I plan on doing that once i get knocked down to 10k. Most I can get like that is 9800
If you have to max out the new card with a balance transfer, your credit score will likely take a ding. But that should be a minor concern, and if it does drop a bit, it would only be temporary. Just be diligent in paying it off before the introductory rate falls off.
Good man by getting back on track. I wish you luck going forward.
Posted on 6/13/23 at 10:53 am to NaturalBeam
quote:
You aren't still playing, are you?
twist, thats how he got the 24k to pay it down.
Posted on 6/13/23 at 12:08 pm to BallSoHard
quote:
Was losing 5k some nights
If you really are still playing, what site? And what is your screen name?
Never enough fish in the sea.
Posted on 6/13/23 at 4:56 pm to Fat Batman
quote:
twist, thats how he got the 24k to pay it down.
I had to do this with sports betting. Bet with a different bookie to pay another one. Dark times.
Posted on 6/13/23 at 6:33 pm to SloaneRanger
quote:
That sounds like a decent consolation rate. Of course it won’t really matter unless you find a way to quit gambling.
quitters never win
Posted on 6/14/23 at 6:09 am to BallSoHard
quote:
BallSoHard
You are only down that much because you quit. Thats where they get you, people get down alot and quit. Vegas never quits, thats why they are still in buisness. Do you think you would have quit had you won 45k? No... and guess what, you would have ended up losing that back, because vegas didnt quit. So why quit when you are down 45k, it just takes a couple good hands to be right back even.
Posted on 6/14/23 at 8:41 am to BallSoHard
This thread is stressing me tf out
Posted on 6/14/23 at 10:13 am to SeeeeK
quote:
quitters never win
They do if they quit while ahead.
Posted on 6/14/23 at 10:14 am to oleyeller
quote:
You are only down that much because you quit. Thats where they get you, people get down alot and quit. Vegas never quits, thats why they are still in buisness. Do you think you would have quit had you won 45k? No... and guess what, you would have ended up losing that back, because vegas didnt quit. So why quit when you are down 45k, it just takes a couple good hands to be right back even.
My mama warned me about people like you!
Posted on 6/14/23 at 4:27 pm to oleyeller
quote:
Vegas never quits, thats why they are still in buisness.
Er… Vegas is still in business because the odds are stacked in their favor on all the games they offer. The edge varies from game to game, but their edge is always there. That’s why they ban card counters and use multiple decks in blackjack.
quote:
The House Edge
No matter what game you choose to play, the odds of the casino winning your money are greater than the odds of you winning the casino’s money. That’s because all casino games are designed to provide the house with a built-in edge, diminishing the chances and sizes of potential payouts.
Posted on 6/21/23 at 3:21 am to BallSoHard
Jesus dude I would advise you to get help with gambling if you are not already doing so. Good on you for trying to find a way to pay this down ,but 45K in gambling debt on a credit card I hope you see that this is a huge problem.
Posted on 6/21/23 at 6:36 am to BallSoHard
Props to you for turning things around and quitting online poker.
Just make sure you apply this to online sports betting. I can only imagine the amount of people who were turned upside down ever since it became legalized.
I learned my lesson when I was 12. Had a poker night at a friends house. Lost everything within 15 minutes and taken advantage of by seasoned players. Had to spend the next few hours watching the other kids play which made me regret doing it in the first place.
I know one guy who lost his marriage from it, and know of another guy who is in the hole like you are and is keeping it secret from his wife.
Stay away from it.
Just make sure you apply this to online sports betting. I can only imagine the amount of people who were turned upside down ever since it became legalized.
I learned my lesson when I was 12. Had a poker night at a friends house. Lost everything within 15 minutes and taken advantage of by seasoned players. Had to spend the next few hours watching the other kids play which made me regret doing it in the first place.
I know one guy who lost his marriage from it, and know of another guy who is in the hole like you are and is keeping it secret from his wife.
Stay away from it.
This post was edited on 6/21/23 at 6:59 am
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