Like many people, i have a paddypower account. I do bet a good bit to be quite honest, and i was told that it might effect you when going for a mortgage. I will be applying for a mortgage in the new year so i have decided to do something about it. I am going to open a bank account with another bank and change the bank details on my paddypower account to this one. So this will be like my 'betting account'. I am going to lodge €200 into it, and my aim is to gamble sensibly and try make €1,000.00 out of it. It will take months, but i think it will make me gamble more sensibly, plus it is just for some fun. That way, no paddypower receipts will show up on my main current bank account, which is the one i will be applying for my mortgage on.
I play a lot of poker so have many accounts and ways to move cash around.You could just open up a money bookers account (or neteller) and move cash from your normal account to moneybookers and then onto Paddypower. This way only Moneybookers will show up on your statement,and that could be anything like booking flights etc.
I'm noit sure why having a pp account would affect your mortgage chances..are we not allowed follow our hobbies? Also, if you are considering buying a home, I would look in here first ... www.thepropertypin.com
Depends on the time you got your mortgage,I was reading a mad thread yesterday about a lad who's only income was social welfare getting a car loan of 12k back in the 'good times'.No wounder we are fcuked,he is struggling to pay it back now.
Very true, myself and the wife were public servants at the time and the banks were basically throwing money at us. Am I glad now that I didn't go mad and get a big mortgage
well i used to gamble on line, poker and horses and the banks do not like it, and it will go against you, it went against me big time, they look at it as dead money, they look at it like if we give you money how do we know you wont gamble some of it. trust me if your going to gamble online get a credit card from another bank and never let the bank see your statements
You can go into Paddypower and lodge cash directly into your online account. As pointed out above you can use Money Bookers aswell. As for banks refusing loans because of it, its happening more and more. If you can show its disposal income you are using (i.e. you still have a healthy balance and meet all your bills) and it would not affect you paying back a loan, it would not matter. If though you are going into the red every month with a few hundred quid transctions for gambling, you would be declined in modern climate for sure.
How about just getting a PP Cash Card? All you need to do is bring ID into the shop, get a card and then verify the card over the phone. You won't have any worries then.
hmmmmm.... might have a look into that. but i did want to set-up a trading / betting account, to see if i can turn €200 into €1,000.00 over a period of 6 - 12 months. Just for the challenge like!
I often wondered about this affecting going for loans or whatever. Every month when I get paid, I throw 50 quid into PP account. Then if i get it up to 100, i withdraw the 50 and play with the other 50. Obviously sometimes I do not make it to 100 and lose my money, then i put more in, and more in, some months good, some bad but every month i throw money in there. Christ, the missus will have a lot to ****ing say if it comes up when going for a mortgage....
Anyway Clayton, if your just looking to see can u turn 200 into 1000 over 6 months, why dont u just lodge 200 to your PP account and see can u turn it into 1000???
Does anyone know if I withdraw winnings from an online bookmakers account to a credit card, how I can then transfer the balance from my credit card to an ordinary bank account?
With regards poker, firstly - it's a skill game. Over the long term, and an average run of variance, a good poker player will make a profit if he/she makes +EV decisions. Secondly, conventional poker games are not house games. The "bookie" or "house" are not the winner. The house takes a reg fee or rake - but that's it; it is a set amount. Therefore, the "true winner" in poker is the best player at the table/in the tournament.