
20th May 2007, 07:40 PM
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Member
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Join Date: Sep 2006
Posts: 1,070
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Originally Posted by crash
Not to be confused with a cash advance, because then I'm borrowing CASH [the real folding stuff], not goods or services.
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If you transfer money from your credit card to a savings account you've made a cash advance. You've recieved no cash in hand but the money is there for you to use at a later date. If you transfer money from a credit card to a betting agency again no cash has changed hands but the money is there for you to use at a later date. You've consumed no product and received no service. All you've done is given the betting agency the authority to hold the money in proxy for you to use at a later date.
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Oh deary me, why was I born into THIS world!!!
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I'm concerned others may be getting the indication that it's ok to bet on credit. IT'S NOT!!! So I'll contribute no further.
All the best
__________________
Pixie "It's worth remembering that profit isn't profit until it's spent off the racecourse." -- Crash
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