Is online gambling bad for credit rating

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I have a debt of $1700 with an online gambling site. I ... I have a debt of $1700 with an online gambling site. I know that online gambling is illegal in Canada so I am wondering if there is anyway to get out of paying this. The debt was just sent to a collection agency here in Canada. Casino Credit - Gambling - Questions and Answers - Page 1 ... ATMs with their high casino fees are a cash cow for the ATM holders. They are not a viable option for getting cash for all but serious emergencies. I agree that Casino Credit is more of a way to get money from your bank account with no fees or hassle, rather than being a lending institution as we commonly think of one. Online gambling might harm mortgage chances - Independent.ie

If you need a credit card then get a secured visa or a secured mastercard, that's the most sensible way to deal with credit cards anyway, that way if you have a finacial meltdown no one gets hurt. In the meantime you will have a position of power if you recognize credit ratings are only worth something to the bank , for you they are useless.

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FTC Warns Consumers about Online Gambling and Children ...

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Moody's Investors Service is a leading global credit rating, research and risk analysis firm which provides crucial benefits and valuable opportunities for issuers and investors alike. New Jersey became the third state in the nation to legalize the online casino and gambling industry this year. What is a Bank Credit Rating? - thebalance.com Agencies such as Fitch Ratings, Moody’s Investors Service and Standard & Poor's issue credit ratings for banks (along with other financial institutions and investments). These ratings are normally given as letter grades with an AA or AAA rating being better than a BB or BBB rating, etc. Online NJ gambling would boost casinos' credit ratings -Fitch The likely legalization of online gambling in New Jersey would be a boon to Atlantic City casinos, which have lost business as customers have chosen to gamble closer to home in neighboring ... How to check and improve your credit rating - Save the Student Confused or concerned about your credit rating (and still not completely sure what it is, if you're being honest)?We've got everything you need to know plus tips to improve your score! There tends to be a whole lot of confusion involved when it comes to credit ratings, and to be honest, that's really not surprising.