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cash advance lottery
paulport
Posts: 4 Newbie
I was in charge of a lottery syndicate at work. Not everybody in the syndicate gave on time so I usually bought the tickets online using my credit card and then transferred the money into my credit card account afterwards. I have since March stopped running the syndicate and I subsequently paid off and cancelled the credit card also (showing settled on my credit report.) However, I now see these transactions show on my credit report as cash advances (10 transactions each month on average for about £300) which i didn't realise it would. I have nothing adverse on any of my credit reports in terms of late payments, defaults etc. I want to apply for a mortgage having recently sold my house. How is an underwriter going to view these transaction? I am concerned.
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