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AuthorPosts
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22nd June 2020 at 2:09 pm #100692
I think its better to keep your transactions for gambling in a second account. People have said in the past that gambling transactions on statements affect your mortgage ability ect, so keep it separate (:
22nd June 2020 at 2:18 pm #100694Personally I don’t think it really matters if it’s just your credit score you are trying to improve if all your accounts you defaulted are clear they will disappear in 7 years anyway or at least they did for me as my credit score was appalling at the age of 19 I was lucky and was bailed out by my parents who cleared all my debt which I’m not proud of and have since paid them back then worked on rebuilding my credit rating and I’m still with the same bank and still gamble although nowhere near as much and after a few years my credit score is now very high and haven’t been turned down for finance in the last few years. Basically I think as long as they can see you aren’t going over budget with gambling you should be fine. That’s my experience anyway.
22nd June 2020 at 2:23 pm #100695@kevinh147 Thankfully i’m one of the lucky ones that has managed to avoid these issues, however one thing i have always wondered is if you had a debt of say i don’t know £4000 for a credit card, if you did not pay that debt after 7 years would that automatically come off your credit report? Or would it be 7 years after you have actually paid it off? Like how does the 6 year / 7 year thing work? Find it all very baffling, saw a panorama show a while back
22nd June 2020 at 3:01 pm #100698I’m not entirely sure but I think in relation to credit card debts they are classed as constantly open accounts until the debt has been paid in full so will never disappear from your file so they can potentially stay on there for life it’s from the date it’s paid in full that it will disappear after 7 years and will live on your file for that time as a late payment account which will incur a lot of negative points it won’t make it impossible to get credit but the interest rates are a lot higher for credit cards that pre approve people with bad credit.
22nd June 2020 at 3:13 pm #100699 -
AuthorPosts
Clean Gambling / Bank Account
Viewing 5 posts - 1 through 5 (of 5 total)
Viewing 5 posts - 1 through 5 (of 5 total)