Reading yesterdays paper in work (one has to do something to make the day go by),a story in it about gambling transaction on your bank account statements been used as an excuse to turn down mortgage applications.Not sure if this has been discussed but how silly are these lads,just up load the cash to paypal or moneybookers etc to not leave a trail. Be warrned.
Yep Paul have heard that on several occasions that the banks take a dim view of betting transactions on statements. You'd want to be stupid to be betting on your bank account if you were even thining about going for a mortgage anyway.
I do it off me bank regularly but Im 21 so won't be needing a mortgage anytime soon, also still on a student account so presume when me a/c goes up to a full one i'll get a fresh start.
You should get into good habits now and filter the money through something else,you never know you may want a car loan or something soon.
Yea it's true got turned down for a student loan last year coz of paddy power transactions on account
If you have savings,get it out go into a Paddy Power shop lodge the cash then a few days latter take it out.Go upto the nice man in the bank and tell him you are ahead so its grand....
Yeah someone I know used to gamble heavily and had made a profit of 35,000 over 2 years. When he went to get a mortgage they refused him. He pointed out that he had made 35,000 over two years gambling and had a steady income. They told him it was because of the 35,000 that they were turning him down in the first place. By the time I heard about it I had already been gambling pretty regularly and was about to go for a mortgage. I stopped altogether and waited 12 months and they approved mine. But I had someone going guarantor as well, so that might have swung it for me. Its definitely NOT going to do ya any favours anyway. And lets face it, any excuse for them to turn people down nowadays will be taken.
Heared on the radio yesterday they also look in to what your phone bill is every month and if you have subscriptions to the likes of sky..
The phone bill one is a bit strange,sure most people if they make a lot of calls would be on one of these plans were you make make any amount of calls.Unless they are talking about lads ringing the sexy ladies late at night for €4.50 per min.
Heard this myself and being meaning to get rid of bank account details from PP What comes up on your account when you transfer to paypal then onto PP?
If you up load cash onto paypal it will just come up as a transfer to paypal.You can just say its to buy books from amazon or stuff from ebay.
I find it an insult for someone to call me stupid for betting from my bank account. It's my bank account and my money. It's only ever small bets and spread out over long periods. Plus did the banks not gamble all the money away? I've talked to my bank manager and he said I'm not to worry about it, as its a tiny percentage of my income. This only matters to serious gamblers, who may gamble enough money that they can't pay there mortgage. 50 quid a year won't kill anyone, you lose that down the back of the couch.
Elvis,I did not mean to insult anyone just pointing out that the lads who bet big while also looking for a bank loan are silly as its so easy to avoid.
Silly is a better word I know you didn't mean to insult anyone Paul. As I said in my post, people who are betting big shouldn't be doing so from their Bank Account, all you need to do is lodge 100 quid in a month, and you'll be scuppered unless your salary is extraodinarily large. Just love the way the banks are so hypocritical.
Paddy power have what they call a cash card, you can get one in any PP shop. Once you activate the card you can just go into the shop and put money into your account using the card or withdraw your winnings using the card. No trail at all.
I seen this coming with the banksabout a year ago so stopped using my bank card and now use a cash card. No trancing ur gambling and if the bank ask u were the cash been taken out is going, you can say your putting it in the credit union!