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Casino Credit - Does it Hurt Your Credit Score?

Discussion in 'Comps' started by Gambler1, Jan 25, 2013.

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  1. Gambler1

    Gambler1 Tourist

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    Does applying for casino credit hurt your credit (FICO) score?
     
  2. Llew

    Llew Low-Roller

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    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).
     
  3. leo21

    leo21 VIP Whale

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    If they have to do a hard inquiry it might depending on what else you have going on.
     
  4. shifter

    shifter Degenerate Gambler

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    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.
     
  5. captainron62

    captainron62 VIP Whale

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    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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