Getting A £25,000 Loan To Gamble On Football?

[jools22]

I know enough about football to know that upsets do happen and nothing is certain.. but also enough to know that with patience I can find a sure cert.

Now when that match occurs what is there to stop me getting a £25,000 bank loan (in my name, not my Mrs') put bet on, it returns lets say £37,500. Pay loan off and thats £12,500 profit [enough to buy new car, take kids abroad]. Then obviously stop gambling. All sounds good yeah, why dont people do this?

Obviously now I have to think if that £25,000 bet loses... what can they do to me as I cant afford and have no intention to pay back loan... do I try go bankrupt? I live in a council house, dont have a car but wife does etc etc. If I moved out for a while, so they cant touch wifes and kids possesions?

If there are laws about gambling and bankruptcy could I not get round this by saying I took the loan out, mrs came home *** and whacked £25,000 on Man City to win. They couldnt put us both in prison, could they :S Would love to know more about this.

[Mamyalynne]

Do you have a good enough credit rating to get a loan that size?

[Mamyalynne]

an unsecured loan at that.

[jools22]

yes, excellent credit rating I have took out £15,000 loan in past but that really was for home improvements that time..

[tonyav]

I live in a council house, dont have a car but wife does etc etc. If I moved out for a while, so they cant touch wifes and kids possesions?


You spent £15,000 on home improvements on a council house !.

[scorpiojo]

Potential problems
There are three sorts of possible consequences if you go bankrupt soon after borrowing money:

a prosecution for fraud. This would leave you with a criminal record and the fraudulent loan would not be wiped out by your bankruptcy. It is only likely to be considered if the evidence shows significant and deliberate deception.

[DaisyNonna]

Stupid is as stupid does

[jools22]

wedding, honeymoon, rest on house yes.. still looking for some answers into what the law says about this.

[jools22]

I can deal with fraud and a criminal record, the debt not being wiped out after bankrptcy is another thing though.

[scorpiojo]

What's the point?

[jools22]

To get a big sum of cash in bank account!

[scorpiojo]

And you know you can find a sure cert?!

[Davemano]

Have you been living on fantasy island for long, as it seems to me that you're in dreamland and have not got your priorities right. Apart from that, I cannot see any bank giving you that sort of money to gamble without it being secured.

[jools22]

yes, like I said with patience.

[tinkerbell23]

I think you would end up in deep DEEP Shhhhhht x

[jools22]

Im not going to tell the bank that im going to gamble it..

So not one person thinks its a good idea?

Easy, dirty money is not everyones cup of tea I guess.

[scorpiojo]

//nothing is certain//

[jools22]

Im trying to find out what the definition of deep deep shhht is!

6 months in the slammer?

[tonyav]

Easy, dirty money is not everyones cup of tea I guess.


If you think that it is sooooo easy, jools why ask about it on here. Just do it.

[Davemano]

If you are not honest with the bank, criminal deception rings a bell because they will want to know the reason for the loan.

[tinkerbell23]

Im no lawyer, but its probobly not a great example to the kids, being financially unstable for the future is stressfull... you could stand to lose alot all for approx 12k to buy a car that will depreciate in value the second you drive it & take the kids on a holiday. If you have good credit why not lease a new car and save for a holiday rather than take such a massive risk!

Not sure if your wife would be happy...?

Good luck to you.... x