Credit Rating & Moneybookers / gambling

runnerprimary

Hi,

If you use a Moneybookers site, such as Skrill, for gambling money can this affect your credit rating?

Thanks for any help you can give.

thebritishbloke

As far as I'm aware, it's the same as though you asked this question about PayPal. They're not a creditor, you're not borrowing any money from them. They're just an intermediary that are helping you accept/send payments.

In short, no it won't affect your credit rating.

TadleyBaggie

thebritishbloke wrote: »

In short, no it won't affect your credit rating.

Credit ratings/scores are just made up numbers that CRA peddle. It's what's on your credit record that count.

However if you were to try to get a loan/mortgage through your bank, they might well look at your spending record and decline due to gambling activity. There have been several threads on MSE where this has happened.

thebritishbloke

TadleyBaggie wrote: »

Credit ratings/scores are just made up numbers that CRA peddle. It's what's on your credit record that count.

Credit rating/record, I just meant the financial data that's on it and how the finance company would rate you, not the CRA's.

However if you were to try to get a loan/mortgage through your bank, they might well look at your spending record and decline due to gambling activity. There have been several threads on MSE where this has happened.

This actually happens? Sounds a bit ridiculous to me, I can understand it if there are people who are constantly having outgoings to bookies in the hundreds and up. I indulge in betting from time to time, I've always finished up and never risk more than a few bob at a time.

Would suck to think the bank would look down on me for profiting (albeit with risk) from betting a couple of quid once every few weeks. That's like punishing someone for buying a lottery ticket.

runnerprimary

TadleyBaggie wrote: »

Credit ratings/scores are just made up numbers that CRA peddle. It's what's on your credit record that count.

However if you were to try to get a loan/mortgage through your bank, they might well look at your spending record and decline due to gambling activity. There have been several threads on MSE where this has happened.

As I understand it, my spending shouldn't show up gambling activity as that is what the moneybookers is for.

TadleyBaggie

thebritishbloke wrote: »

This actually happens? Sounds a bit ridiculous to me, I can understand it if there are people who are constantly having outgoings to bookies in the hundreds and up. I indulge in betting from time to time, I've always finished up and never risk more than a few bob at a time.

See this thread (post 14): forums.moneysavingexpert.com/showthread.php?t=4878872