Credit-fuelled harmful gambling 07082024 - Flipbook - Page 7
MORE LENDING FOR GAMBLING
Applicant C:
Applicant E:
Male, 50s, Home Counties. Works in publishing.
Approximate annual salary: £80,000.
Male, 32, Home Counties. Works in
professional services. Approximate
annual salary: £61,000.
During the 12 months before applying to
Salad Money, applicant C gambled a total
of £433,266.
During the 12 months before applying to
Salad Money, applicant E gambled over
£217,000, making more than 1,500
separate betting transactions.
Applicant E also made further bets on
currency exchange and contracts for
diference / spread betting platforms.
During the same period, applicant C
made more than 200 loan and credit
repayments totalling more than £59,000
3 including to high street banks, credit card
providers, mainstream and high-cost
short-term loan providers.
Over the same timeframe applicant C was
accepted for EIGHT new loans from ove
diferent providers totalling £15,300.
During the same period, applicant
E made 47 loan and credit
repayments totalling more than
£10,800, including to Buy Now Pay
Later (BNPL) providers, credit cards,
mainstream and high-cost short-term
loan providers.
Applicant D:
In the same 12-month period, applicant
E was accepted for THREE new loans
from three diferent providers
totalling £5,500.
Male, 30s, south coast, private sector.
Approximate annual salary: £16,000.
During the 12 months before applying to
Salad Money, applicant D gambled a total
of £232,689.
During the same period, applicant D made
35 loan and credit repayments totalling
more than £6,000, including to Buy Now Pay
Later (BNPL) providers, credit cards, and
high-cost short-term loan providers.
In the same 12-month period applicant D was
accepted for THREE new loans from two
diferent providers totalling £2,850.
7
These applicants9 spending on
gambling all exceeded their
