This was with their credit card. You're going to get demolished if you start bouncing gambling debt on a credit card.
I'm guessing that at some point, probably not very long from now, credit cards are going to cut down on this. They don't want to be held responsible for a bunch of debt from gamblers, when they've already paid the sites.
At some point, the fees won't be worth the combination of PR and actually losing money from bankruptcies / delinquencies.
> You're going to get demolished if you start bouncing gambling debt on a credit card.
If you do not have assets or high income, you can just ignore debt and it will drop off you credit report after 7 years. They can try to sue you (unlikely for <$5k debts) and then try to garnish wages (max 25% of aftertax income) but many states outright prohibit garnishment for consumer debts (like Texas) or limit it (like CA - just show that you have high living expenses to avoid garnishment).
> You're going to get demolished if you start bouncing gambling debt on a credit card.
If you look at the finances of a good swath of Americans, they're already demolished. Heck, the average new car loan is now 6 years with a $700+/month payment.
Gambling has become such an embedded part of the current cultural zeitgeist because people feel they have nothing to lose.
Most of those gambling sites don't have merchant accounts and aren't able to accept credit card payments directly. Customers take out cash advances or buy cryptocurrency through various shady intermediaries, then transfer the assets.
I'm guessing that at some point, probably not very long from now, credit cards are going to cut down on this. They don't want to be held responsible for a bunch of debt from gamblers, when they've already paid the sites.
At some point, the fees won't be worth the combination of PR and actually losing money from bankruptcies / delinquencies.