Yes, they can be. Gambling transactions don’t automatically mean your mortgage application will be declined, but they do raise questions. And depending on how they appear on your bank statements, those questions can turn into problems. Why Lenders Care About Gambling Transactions When you apply for a mortgage, lenders don’t just check your credit file….
As some of you may or may not know, part of my debt balance is due to gambling. I would spend many hours gambling, chasing my losses and essentially spending money I did not have. This continued on for some time, until one day I woke up and realised the situation I was in. After…
In this post I write a little about gambling debt. As you may or may not know, part of my debt originates from gambling. In particular from online casino sites as well as bingo. When you become addicted to gambling, you lose all sense of the value of money. At least that is how I…