Will Gambling Affect My Credit Rating

1. Will Gambling Affect My Credit Rating Credit
2. Will Gambling Affect My Credit Rating Chart

So we know from a credit report point of view you will be fine because the mortgage lender carry out a search will not see any application history from betting related sites. You score can have an impact because they are going to want to lend to people that are lower risk, so have a higher score is going to benefit you. Experian do a great job of detailing your score and letting you know how to improve things if your score is not where it should be or where you need it to be. You can check your credit score with them for free, so it’s worth having a look. The credit report is a monthly fee but they have months free trial at the time of writing so again, worth a look because you can also find out if something is not correct. If someone has stolen your identity for example and opened up accounts then it will be listed in your credit report.

Outside of your credit report a mortgage lender will ask for 3 months bank statements and there may be questions asked if you have a lot of matched betting transactions listed. Remember they are assessing risk and although matched betting is calculated betting with little to no risk, they will likely see it as gambling. The best way to overcome this is to either have a separate bank account, that’s the way I recommend, because the bank accounts they ask for is the current account used for your wages and monthly outgoings. Failing this setup and if you are using the same account then you can always pause you matched betting for months prior to applying for a mortgage so no betting related transactions show. You will be missing out on offers and money by doing this.

Will Gambling Affect My Credit Rating Credit

Good Credit Score - 740-780 range depending on the source. Good DTI with no debt other than car loan. All credit cards with zero balance. Last year had $80,000.00 in casino winnings (and $80,000.00 in losses). I was actually shocked the number was that high. Didn't consider myself a problem gambl.

• Put simply and based off of our extensive research, Matched Betting will not affect your credit score. Firstly, I’d like to make one thing clear, Matched Betting is not gambling. There are some articles out there that state that ‘Betting’ affected someone’s credit score. The reality is that these individuals were not matched betting.
• Have you checked your credit score and seen checks from bookmakers? Chris answers all your questions about matched betting and your credit score in this shor.
• After researching the leading credit agency, Experian, I have found out matched betting does not have an impact on your credit score and I show you proof, phew. As part of my digging, I decided to go through my Experian credit report and find out what information gets logged, and who searches through this information.

Will Gambling Affect My Credit Rating Chart

So..keep it simple, have a different bank account for your matched betting and keep a detailed log of your bets, which you should be anyway. At least then you can argue your case if they refuse you on the basis of gambling. If you haven’t got a bet tracker in place then download my free MBR toolbox spreadsheet which contains a tracker spreadsheet amongst other useful tools.