Gambler busts 5 credit cards to pay S$200k debt
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Just what have casinos done to Singaporeans?
In yet another case of a gambler out of control, a 29-year-old engineer not only busted five credit cards to pay off his gambling debts, but he also borrowed from nine credit companies to fulfill his payments, reported AsiaOne.
And that wasn't all — his aunts had to chip in to help him pay off debts that amounted up to S$100,000, according to Shin Min Daily. He also lost a girlfriend of 10 years as a result of his gambling addiction.
Still, the man did not learn his lesson. His father, Foo, soon found his son back at his costly routine again. When his aunts refused to help a second time, the man threatened to commit suicide.
The distressed father is now forking out money to clear his son's debts in hopes of the son applying for a self-exclusion order from the casino authorities. Foo is also questioning why the banks did not cancel his son's credit card after they realised he was unable to fulfill his payments.
His son still owes credit card companies S$20,000.
-- Yahoo!
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Crazy, if that somebody wants to borrow money from the bank, why would the bank stop that somebody? They won't stop him, every cent he borrows, it will have to be returned, somehow, and the bank knows that.
