Discussion in 'Comps' started by Gambler1, Jan 25, 2013.
Does applying for casino credit hurt your credit (FICO) score?
Not typically. They rarely check your consumer credit, only "Credit Central" in LV, the clearinghouse that casinos use. After all, it's not really credit; it's glorified check-writing privileges. What they want to know is your average bank account balance so they know if you can cover your bets with a check (marker).
If they have to do a hard inquiry it might depending on what else you have going on.
if it's your first time ever setting up a credit line, they will check your credit with a hard inquiry. but that only lowers your score by a couple of points. if you have history with casino marker accounts in central credit, they will just look at that.
When I bought my last house the bank was asking about recent credit inquiries, I said I had none. They were showing one, found out it was the company Bally's uses for a credit check. NOt sure if it lowered my score, but it def showed as a hard inquiry.
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